1. revenue in line with expectation
2. EPS missed
3. the EPS miss was due to MLR, which is higher than expected
4. To solve the problem, they will reprice premium starting Jan. 1 next year, which is the begining of their annual underwriting cycle.
5. Will improve operatinn efficient
6. The management cited that stock buyback is one of their long term growth driver.
7. They will start to invest meanful in AI to help them pricing the premium and the approving process.
8. They will return to their 13%-16% annul growh rate.
Not a trade recommendation.
