Medibank Pvt Ltd
MPL: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$6.20 | Vxrjq | Xwkvypgst |
Medibank Grows Its Share of the Pie, With Members to Share the Temporary Benefit of Lower Claims
Medibank’s fiscal 2021 profit increased 40% to AUD 442 million, beating our forecast by 14%. The earnings beat and jump in profit is largely driven by volatile investment income, and the impact of the coronavirus on claims.