Medibank Private (MPL) AGM 2025 summary

Opening remarks and agenda

• Acknowledgement of traditional custodians and commitment to First Nations partnerships and health equity.

• Hybrid meeting format with both in-person and virtual attendance, quorum confirmed, and meeting formally opened.

• Introduction of the board, executive team, and board-endorsed director candidates.

• Procedural details for voting and question submission provided for all attendees.

Financial performance review

• Health insurance operating profit rose 7.1% to AUD 741.5 million; Medibank Health segment profit up 27% to AUD 76.7 million.

• Final COVID customer give-back of AUD 228 million, totaling AUD 1.71 billion in support.

• Dividends of AUD 0.18 per share, fully franked, up 8.4% from the previous year.

• Premium increases kept below inflation and competitors; strong capital position maintained.

Board and executive committee updates

• Retirement of long-serving directors Linda Nichols and David Fagan; Jay Weatherill to retire end of December.

• Board recommends election of Lisa McIntyre and Jacqueline Hay, both with extensive sector experience.

• Board composition to exceed 40% female representation with new appointments.