Medibank Private Ltd. Apr 02
- ID: 2026331
- April 2002
- Standard & Poors
The ratings assigned to Medibank Private Ltd. (Medibank) reflect the fund's dominant market position, strong earnings, and solid capitalization. Moderating factors include a relatively high level of growth assets in the context of the very short-tail nature of underlying liabilities, poor investment performance in 2001, and restricted financial flexibility. Medibank, the government-owned private health insurer, holds the leading market position in the Australian private health insurance sector. It increased its market share of contribution income to 29.4% in 2001 from 27.0% in 2000, following the surge in health fund membership associated with the government initiatives in 2000. Medibank's competitive advantage is its strong brand name and nationwide distribution network, developed through government ownership and its historical association with other government...
Companies mentioned in this report are: Medibank Private Ltd.
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