Medibank Private says premium revenue grew below expectations, at just 1.3%, for the first four months of the financial year. The weaker growth is expected to continue at Australia’s largest health insurance provider, according to an update given to the AGM. “Looking to the 2017 financial year, I expect that […]
Medibank Private just seeded a new fund which excludes investment in “tobacco and controversial weapons” with $170 million. Benchmarking is a very important part of performance measurement in the money management industry. It’s how money managers, and their clients, assess the performance of the fund, and the manager. But benchmarks […]
Medibank kept a lid on health insurance payouts to deliver a 46.4% rise in full year profit to $417.6 million, just below market expectations. The rate of growth in health claims was limited to 1% for a total of $5.1 billion. At the same time, health insurance premium revenue rose […]
Annual tax returns for hundreds of thousand of Australians could be delayed by a technical issue at Medibank. Medibank says it won’t be able to get annual statements, needed to be included in tax returns to avoid an extra Medicare levy, to the majority of Medibank customers by July 15. […]
A curious factor goes some way to explaining why Australia’s two listed health insurers, Medibank and NIB, have recently been paying out smaller proportions of their premiums to members making claims. The number of operations and other medical procedures in private hospitals in Australia dropped sharply in September-October last year, […]
Medibank and NIB, the two ASX-listed health insurers, have been given federal government approval to lift their premiums to keep pace with rising medical costs. Shares in both jumped on the news. Medibank, which now can increase premiums by an average of 5.64% from April 1, was trading 4.6% higher […]
And bigger dividends.
The sheen is off.
But a lot of customer churn.
The final price is set at $2.15 per share.
Well above indicative range.
A scathing report.
Including nearly 280,000