May 5 (Reuters) - Medibank Private Ltd MPL.AX :
* NOW EXPECT INCREASE IN ANNUALISED AVERAGE NET CLAIMS EXPENSE/POLICY UNIT FOR FY21 TO BE C. 2.5%
* EXPECT 1H21 $10M COVID-19 COST TO P&L TO REVERSE IN 2H21
* EXPECT MEDIBANK HEALTH OPERATING PROFIT TO BE MODESTLY LOWER IN 2H21 COMPARED TO 1H21