Record profit for Medibank Private. (File photo)
Last Update: Thursday, October 5, 2006. 4:15pm (AEST)

Medibank Private achieves record profit

A big boost in membership numbers has helped Medibank Private achieve a record profit result.

The health fund has reported a bottom line profit of $200 million, an increase of 53 per cent on the previous year.

More than 200,000 new members have joined during the latest financial year that is the highest growth in four years.

The insurer paid out a record $2.45 billion in benefits on behalf of members.

The Federal Government has delayed the sale of Medibank Private until after the next election.