Medibank Pvt Ltd
MPL: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$4.40 | Sdfqzl | Mwfrhqwr |
Signs Medibank Policyholder Growth Has Turned a Corner, With Benefits of Lower Claims Persisting
Medibank reported a 5.9% increase in fiscal 2023 first-half net profit after tax to AUD 233 million, with operating income from the key private health insurance division up 9% thanks to policyholder growth and average claims per policyholder rising by less than price increases. Premiums increased 2% while claims increased only 0.7%.