Medibank’s (ASX:MPL) 2023 guidance remains unchanged - Kalkine Media

Follow us on Google News:
 Medibank’s (ASX:MPL) 2023 guidance remains unchanged
Image source: © Esmehelit |


  • Medibank Limited, on Wednesday (16 November), updated its FY23 outlook.
  • The firm stated that the cybercrime event overshadowed its key achievements and performance in FY22.
  • Medibank estimates AU$25 – AU$35 million of pre-tax non-recurring costs will impact earnings in the first half of 2023.

Private insurer Medibank Private Limited (ASX:MPL), on 16 November 2022, stated that there is no change in its 2023 guidance after it downgraded the same last month. The company held its annual general meeting today.

Meanwhile, at 11:57 AM AEDT, the share price of MPL was quoted 0.711% higher at AU$2.830 apiece on the ASX today.


The company shared via the ASX release that the cybercrime incident has overshadowed many of Medibank’s key achievements and performance in FY2022.

In its release today, the firm stated that in FY22, Medibank grew its health insurance operating profit and health segment profit; however, there was a loss of AU$24.8 million in net investment income because of volatility in financial markets. This reduced the net profit after tax by 10.7% to AU$393.9 million.

In its FY22 financial results, Medibank shared that its capital position stayed strong and it will provide a fully franked ordinary dividend of 7.3 cents per share to its shareholders. This is an increase of 5.5% from the last year’s. This brings the total full-year dividend to 13.4 cents per share, fully franked.

The company informed that initially forecasted FY23 policyholder growth of around 2.7%. However, Medibank announced that an uncertain impact of cybercrime had forced the company to withdraw this outlook. Medibank will share an update on the same in February half-year results.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK