About Us

Continuing to Deliver Benefits to Members through Sound Financial Management

Thur 8 November 2007

MDA National has posted another successful financial performance for the 2006/07 year. Posting Group Net assets of $87.2 million in 2007 (2006: $71.4; an increase of 22%).

MDA National CEO, Mr Peter Forbes said that the financial results were evidence of the success of the MDA National Group’s approach to financial management. “Sound financial management on behalf of our Members is our number one priority”.

“A key to our financial stability has been to ensure that appropriate subscriptions and premiums are charged in order to have sufficient funds available to continually meet the needs of our Members, as well as improve the benefits available to them”.

“As a mutual organisation the activities of the MDA National Group are constantly focused on continuing to deliver benefits to its Members, through appropriate subscriptions and premiums, sound underwriting, rigorous claims management, efficient Member services and access to risk management services and programmes”.

Highlights for 2006/07
Net assets: up 22% to $87.2m (2005/06: $71.4m)
Premium and subscription income: up 9% to $57.6m (2005/06: $52.6m)
Total Membership: up 9.5% from 2005/06

For further details or to speak to Mr Forbes, please contact: Jacinta Suprihat, Communications Assistant on 1800 011 255.

For a copy of the MDA National Annual Report please visit www.mdanational.com.au to download a copy or call 1800 011 255.