Strange.
I thought the result was barely OK, under the circumstances.
Sure, they deferred premium increases to ease the economic impacts of Covid on the clients, but this was more than offset by very low claims level (hard to elect to have surgery when hospitals are all closed to elective surgery).
That the market appeared to miss this claims release, as evidenced by the strong share price performance today, is somewhat surprising.
I don't think the underlying result was as strong as it prima facie appeared
.
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