Company Reports

Medibank is Australia's largest private health insurer, operating under the Medibank and Ahm brands. The dual-brand strategy has allowed the group to offer differentiated pricing and messaging to increase members and profits.

Medibank's fiscal 2026 underlying profit edged up 3% to AUD 637 million. Minor policyholder growth and steady margins underpin 4% profit growth in private health insurance, complemented by strong organic and acquired growth in the health segment. But lower investment income was a headwind.

The government's proposal to remove larger private health insurance rebates for over-65s could see premiums rise for around 3.2 million of the 12.7 million Australians with hospital cover. Subject to legislation, it would be a headwind for Medibank and NIB policyholder numbers starting April 2027.

Medibank is Australia's largest private health insurer, operating under the Medibank and Ahm brands. The dual-brand strategy has allowed the group to offer differentiated pricing and messaging to increase members and profits.

Medibank's first-half fiscal 2026 underlying profit was steady at AUD 298 million. Lower investment income masked growth in policyholder numbers, stable insurance margins, and strong organic and acquired growth in the health segment. The interim dividend increased 6% to AUD 8.3 cents.

Medibank is Australia's largest private health insurer, operating under the Medibank and Ahm brands. The dual-brand strategy has allowed the group to offer differentiated pricing and messaging to increase members and profits.

Medibank's agreement to acquire Better Medical, a network of 61 general practice and medical clinics, comes hot on the heels of an investor day where management laid out ambitions to materially increase noninsurance earnings.

Medibank aims to expand its health segment earnings by over 160% in five years. In the process, it aims to be part of a health transition in Australia that focuses on prevention, more treatments outside of hospitals, virtual consults, and more personalized care.

Medibank is Australia's largest private health insurer, operating under the Medibank and Ahm brands. The dual-brand strategy has allowed the group to offer differentiated pricing and messaging to increase members and profits.

Medibank is Australia's largest private health insurer, operating under the Medibank and Ahm brands. The dual-brand strategy has allowed the group to offer differentiated pricing and messaging to increase members and profits.

Medibank's fiscal 2025 profit increased 8.5% to AUD 619 million, driven by policyholder growth, modest margin improvement in health insurance, organic and acquired growth in the other health services, and higher investment income. Fully franked dividends increased 8.4% to AUD 0.18 per share.

Australia's second-largest private hospital operator Healthscope entered receivership last month. This raises two concerns: first, around the viability of the private hospital industry, and second, the implications for private health insurers.

Medibank is Australia's largest private health insurer, operating under the Medibank and Ahm brands. The dual-brand strategy has allowed the group to offer differentiated pricing and messaging to increase members and profits.

Medibank's first-half fiscal 2025 underlying net profit after tax rose 14% to AUD 299 million as premium increases and cost control outweighed rising claims. Net investment income surged 37%, driven by higher investment returns, including from international equities, and a weaker Australian dollar.

Medibank is Australia's largest private health insurer, operating under the Medibank and Ahm brands. The dual-brand strategy has allowed the group to offer differentiated pricing and messaging to increase members and profits.

Private health insurers have put in applications to the federal health minister for premium rate increases for 2025, but based on recent years, the outcome might not be known until early next year. At the same time, private hospitals want insurers like Medibank to pay them more.

Medibank is Australia's largest private health insurer, operating under the Medibank and Ahm brands. The dual-brand strategy has allowed the group to offer differentiated pricing and messaging to increase members and profits.

The resilience of private health insurance is illustrated nicely by narrow-moat Medibank's growth in fiscal 2024. Profit for private health insurance increased 6.3%, and the health segment, which encompasses telehealth, in-home care, and GP clinics, grew 36.7%. Add to that the 31.5% uplift to investment income on policyholder and shareholder funds, group underlying net profit after tax rose 14%. The result was just shy of our forecasts, but solid overall.

Medibank is Australia's largest private health insurer, operating under the Medibank and Ahm brands. The dual-brand strategy has allowed the group to offer differentiated pricing and messaging to increase members and profits.

Medibank is Australia's largest private health insurer, operating under the Medibank and Ahm brands. The dual-brand strategy has allowed the group to offer differentiated pricing and messaging to increase members and profits.