Medibank Private Ltd. (AU:MPL) has released an update.
Medibank Private Ltd. reports a robust full-year result with a 14.1% increase in underlying net profit after tax, totaling $570.4 million, and significant growth in customer base with over 14,000 new resident policyholders and a 25.1% increase in non-resident policy units. The company highlights its commitment to customer value and sustainable growth, providing $1.46 billion in COVID-19 financial support, while also maintaining one of the industry’s lowest management expense ratios. Medibank’s health services saw over 4 million interactions, and the company continues to support the private hospital sector with $63 million over the past two years.
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