Medibank Private (MPL) AGM 2025 summary

Opening remarks and agenda

• Acknowledged traditional custodians and emphasized commitment to First Nations peoples and cultural safety.

• Meeting held in hybrid format, quorum confirmed, and formal opening declared.

• Board of Directors and candidates for election introduced.

• Procedural details for voting and participation explained for both in-person and virtual 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 previous year.

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

Board and executive committee updates

• Retirement of 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.

• Emphasis on board diversity, targeting at least 40% female representation.