Medibank sets new ambition in health

• Aims to significantly increase Medibank Health segment earnings to at least $200 million by FY30
• Aims to grow policyholder market share each year to at least 26.8% by FY30
• Aims to double the number of people engaged in their health and wellbeing to around 10 million by FY30

Medibank will host a health immersion for investors, outlining its areas of focus and long-term ambitions for accelerating its growth as a health company. It will showcase Medibank's continuing customer focus and how this approach creates customer and shareholder value, strengthens the business, and drives meaningful change across Australia's health system. Medibank has set new aspirations to guide its next phase of growth, including aiming to significantly increase Medibank Health segment earnings to at least $200 million by FY30, grow policyholder market share each year in a disciplined way to at least 26.8% by FY30, and double the number of people engaged in their health and wellbeing to around 10 million by FY30. Medibank CEO David Koczkar said Australia's healthcare system needs meaningful transformation to ensure it can keep up with the increasing needs in the community, and Medibank is focused on accelerating the health transition through four key areas: wellbeing, primary care, community and acute care, and health insurance.

Medibank aims to significantly increase Medibank Health segment earnings to at least $200 million by FY30. Medibank also aims to grow policyholder market share each year in a disciplined way to at least 26.8% by FY30.

Medibank is focused on accelerating its growth strategy as a health company, driven by the needs of its customers and patients, and the greater role Medibank is playing in supporting their health and wellbeing. This includes a focus on four key health segments: wellbeing, primary care, community and acute care, and health insurance.