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Medibank Private ( (AU:MPL) ) has issued an update.
Medibank Private Limited has announced the completion of its COVID-19 support package and give back program, increasing its cash back commitment from $160 million to $228 million. This brings the total financial support provided to customers since the pandemic’s onset to a record $1.71 billion, marking the largest give back from any health insurer in Australia. Eligible customers will receive cash backs ranging from $50 to $375, depending on their level of cover, with payments starting in September 2025. This initiative underscores Medibank’s commitment to not profiting from the pandemic while ensuring customer support.
The most recent analyst rating on (AU:MPL) stock is a Hold with a A$5.10 price target. To see the full list of analyst forecasts on Medibank Private stock, see the AU:MPL Stock Forecast page.
More about Medibank Private
Medibank Private Limited is a leading health insurer in Australia, 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 well-being.
Average Trading Volume: 5,581,142
Technical Sentiment Signal: Buy
Current Market Cap: A$14.05B
For detailed information about MPL stock, go to TipRanks’ Stock Analysis page.