2016 – 2026 · Ten Year Anniversary
Nine Profit-Shares. A $15 million pool. Lapse rates
a third of the industry average. A decade of proof
that putting Members first works.
After 10 years of successive growth, our Members have reached
a decade of mutual success.
Total PPS Mutual Members
as at 30 April 2026
In-force premiums
as at 30 April 2026
Total Profit-Share pool
grown almost sixfold since launch. Most recent assignment approx. $4M at 3.5% of premiums
Over its first decade, PPS Mutual has paid a Total of $76 Million in Claims across Life, Trauma, Income Protection, Total and Permanent Disability (TPD) and Business Expenses (BEX) insurance. Life and TPD average payments reflect the precision of a product built exclusively for professionals.
The hallmark of PPS Mutual's mutual model is its annual Profit-Share, a feature unique in the Australian retail life insurance market. From the very first year of operation, profits have been returned to Members rather than distributed to external shareholders. [1]
17
Members have surpassed
$20,000 in Profit-Share
400
Members have accrued
more than $5,000 in
Profit-Share
Members rewarded with a Profit-Share every year since
2012
100+
Members have accrued
more than $10,000 in
Profit-Share
3
Advice firms manage more than $1 million in client Profit-Share balances
authorised in Profit-Share releases to Members as at 11 May 2026. Funds that Members would not have received had they been insured with any other provider in Australia.
Congratulations to the entire PPS Mutual team on reaching 10 years in Australia, what a milestone! When PPS Mutual entered the market, they brought something genuinely different: a mutual model purpose built for professionals, and a proposition that…
Director & Senior Financial Planner
Congratulations to the entire PPS Mutual team on reaching 10 years in Australia, what a milestone!
When PPS Mutual entered the market, they brought something genuinely different: a mutual model purpose built for professionals, and a proposition that gave advisers like us a meaningful new conversation to have with our clients. That's not something you see often in this industry.
Over the past decade, working with the entire national team has been a highlight. The access, the relationship, and the quality of the people have been exceptional and that matters when you're doing right by clients.
Here's to the next 10 years. Wishing the whole PPS Mutual team continued success.
Just want to say what a pleasure it is to do business with PPS. We have an incredible dedicated team, always willing to help with any query big or small to help us get out clients insured. As…
Risk Specialist Adviser – Insurance
Just want to say what a pleasure it is to do business with PPS.
We have an incredible dedicated team, always willing to help with any query big or small to help us get out clients insured.
As well as having market leading products available and very competitive pricing it is the team we deal with day to day that makes using PPS so seamless and easy to recommended.
I feel PPS is moving from strength to strength and it is exciting to see this company grow so quickly within the Australian market.
The PPS Mutual proposition is highly unique in the marketplace. But a product that is designed specifically for professionals means they are able to design for the nuances of that market. This sets the key aspects of the…
Business & Personal Insurance Specialist
The PPS Mutual proposition is highly unique in the marketplace. But a product that is designed specifically for professionals means they are able to design for the nuances of that market. This sets the key aspects of the product apart!
And in a world where all businesses are shareholder value-driven, PPS Mutual have our clients' best interest at heart with their mutual model. It helps us feel very comfortable that the three of us (ourselves, the client and the insurer) are in this together for a long-term relationship.
We’ve loved working with the team at PPS, the service levels, like the product are always at a premium!
Dear Mike, Brian and the entire team at PPS Mutual, Congratulations on reaching the incredible milestone of 10 years of PPS Mutual. As an Adviser and Director of Integer Financial Group, I want to acknowledge the outstanding contribution…
Director & Consultant
Dear Mike, Brian and the entire team at PPS Mutual,
Congratulations on reaching the incredible milestone of 10 years of PPS Mutual.
As an Adviser and Director of Integer Financial Group, I want to acknowledge the outstanding contribution PPS Mutual has made to both advisers and members over the past decade. Your commitment to professionalism, mutuality, and delivering meaningful outcomes for clients continues to set a high standard within the industry.
It has been a pleasure working alongside your team, and I sincerely appreciate the relationships, support, and collaboration we have shared over the years.
I would also like to make special mention of Shadia Kouzma for her amazing and continued support. Shadia’s professionalism, responsiveness, and genuine care have consistently made a real difference, and her dedication is greatly appreciated.
Wishing you all continued success for the next 10 years and beyond.
Working with PPS Mutual has been incredibly rewarding. It has been an absolute pleasure working with your people over the years. We value the partnership and the support you provide to Grimsey and our clients.
Director, Head of Insurance
Working with PPS Mutual has been incredibly rewarding.
It has been an absolute pleasure working with your people over the years.
We value the partnership and the support you provide to Grimsey and our clients.
We have worked in a business that has been looking after professionals for over 60 years and have always been very sceptical about brining new insurance companies on to our APL. After meeting with PPS it was honestly…
Head of Doctors in Training Team
We have worked in a business that has been looking after professionals for over 60 years and have always been very sceptical about brining new insurance companies on to our APL.
After meeting with PPS it was honestly a match made in heaven. They have made every adviser feel like they are family, the most important adviser that they have and bent over backwards to make things work.
It’s not only that they have the best product for our client base it is the client service that you receive each and every time. It’s been hard to think of a negative comment we have had from a client or team member during our time together.
We have enjoyed our relationship to date and cannot wait for many more years of the relationship to come!
Congratulations to the team at PPS Mutual on reaching your 10-year milestone. This is a fantastic achievement and a testament to the strength of your vision and execution over the past decade. Thank you for your continued support…
Senior Insurance Adviser
Congratulations to the team at PPS Mutual on reaching your 10-year milestone. This is a fantastic achievement and a testament to the strength of your vision and execution over the past decade.
Thank you for your continued support and for partnering so closely with advisers like our team. Your commitment has played an important role in helping us deliver tailored, high-quality outcomes for our clients.
It has been particularly rewarding to see PPS Mutual reintroduce the mutual insurance model to Australia, offering something genuinely different and meaningful for out professional clients. With most of our clients being Professionals, this approach has resonated strongly with our client base, providing unique value and coverage not available elsewhere.
We have also greatly valued the strong relationship we’ve built with the SA PPS Mutual team. The collaboration, responsiveness, and shared focus on client outcomes have made a real difference in how we support our clients, especially when they need this the most, at claim time.
I hope we can continue our strong relationship over the next 10 years and beyond. Wishing you continued success in the future
Wow, has it really been 10 years! Thanks to you and the team for helping my clients with new business and claims along the way. The PPS team's dedication has really come through since we started working together…
Director / Financial Planner
Wow, has it really been 10 years! Thanks to you and the team for helping my clients with new business and claims along the way.
The PPS team's dedication has really come through since we started working together all those years ago. The underwriting and claims team understand professional clientele better than anyone I've worked with previously and the admin and product design team have created great processes from scratch and products that I consider market leading without precedent.
Great to see this fresh insight and pricing to match! Looking forward to another 10 years of working with you to keep my clients well insured!
Happy 10th (Australian) anniversary, PPS Mutual! I've been working with PPS for the majority of that decade and have had nothing but very positive experiences. Sustainably priced products, consistently strong products (arguably the best), and a team that…
Senior Financial Adviser
Happy 10th (Australian) anniversary, PPS Mutual! I've been working with PPS for the majority of that decade and have had nothing but very positive experiences. Sustainably priced products, consistently strong products (arguably the best), and a team that actually gets back to you when you need them - not just a great experience for clients, but for our staff too. The mutual ownership structure, profit share, and exclusivity are genuinely valued by the clients I work with.
Congratulations to the ever-growing team of professionals at PPS Mutual. You have now been helping Australians for a decade. Having worked with PPS Mutual from Day 1, I am grateful for the care on all levels of the…
PARTNER WA / PRINCIPAL ADVISER
Congratulations to the ever-growing team of professionals at PPS Mutual. You have now been helping Australians for a decade.
Having worked with PPS Mutual from Day 1, I am grateful for the care on all levels of the business. I appreciate how you view your members and team and the impact this has had on premiums, claims and cover offered to people that need it.
I look forward to seeing many more years where PPS Mutual grows and helps more Australians in protecting what is precious to them.
Best Wishes
On behalf of Hewison Private Wealth, I’d like to thank you for your ongoing support as one of our key retail insurance partners. PPS Mutual remains one of our preferred retail insurance providers, and your ongoing support helps…
Senior Risk Associate
On behalf of Hewison Private Wealth, I’d like to thank you for your ongoing support as one of our key retail insurance partners.
PPS Mutual remains one of our preferred retail insurance providers, and your ongoing support helps us deliver better, more resilient solutions for our clients.
Over the course of our relationship, we have consistently found PPS Mutual to demonstrate:
On the basis of our experience, PPS Mutual is a provider we are comfortable to consider and recommend when appropriate as part of our personalised advice to clients.
We value the quality of your product offering, your underwriting approach, and the responsiveness of your service team. It makes a meaningful difference to our ability to deliver robust risk advice and strong outcomes for our clients.
We look forward to continuing our professional relationship with PPS Mutual and appreciate the ongoing support you provide to our advisers and, most importantly, to our clients.
Lowest lapse rate of all retail life insurers in Australia for 10 consecutive years
PPS Mutual has maintained the lowest lapse rate in the Australian retail life insurance industry for ten consecutive years. A distinction that is both a commercial outcome and a statement of member trust.
PPS Mutual lapse rate
5.4%p.a.*
Industry average lapse rate
14.3%p.a.*
Members are nearly three times less likely to let their cover lapse than the Australian average. [4] The alignment is by design: Members who stay benefit from growing Profit-Share account balances, while the business benefits from the premium stability that only a committed, long-term membership base can deliver.
* Source: NMG Report on Rolling 12-month rate to December 2025
References
[1] Mutual hits Profit-Share milestone, PPS Mutual Australia
[2] PPS Mutual Reaches $15m Profit-Share Milestone, PPS Mutual Australia
[3] NMG Report on Rolling 12-month rate to December 2025
[4] PPS Mutual recognised in adviser ratings report, PPS Mutual Australia