An announcement from Medibank Private Ltd. ( (AU:MPL) ) is now available.
Medibank Private Ltd. has announced a $160 million return to its customers as part of its COVID-19 support package, bringing the total give back to a record $1.62 billion. This initiative is the largest financial give back by any Australian health insurer and is aimed at providing relief to customers amid rising living costs. The give back is funded from COVID-19 permanent net claims savings and will not impact the company’s operating profit for the fiscal year ending June 2025.
More about Medibank Private Ltd.
Medibank Private Ltd. is a leading Australian health insurer, providing a range of health insurance products and services. The company focuses on offering hospital and extras policies to its customers, aiming to support their health and wellbeing.
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $7B
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