Medibank half-year profit up 16pct on non-resident gain

Policy sales to non-residents have helped health insurer Medibank to a 16pct half-year profit jump. (Jono Searle/AAP PHOTOS)

Health insurer Medibank Private has posted a 16 per cent jump in first-half profit after higher sales offset continuing costs from a 2022 cyber attack.

A 12 per cent gain in policy sales to non-residents helped underlying net profit after tax to rise to $262.5 million for the six months to December 31. Sales to residents increased by 0.2 per cent.