`.safeAreaInset(edge:…)` ignored on physical device? iOS-Bug?

Question

I wanted to inset a list with .safeAreaInset() like so:

List {
    Text("Hello, world!")
        .padding(100)
    Text("Hello, world!")
        .padding(100)
    Text("Hello, world!")
        .padding(100)
    Text("Hello, world!")
        .padding(100)
}
.safeAreaInset(edge: .top) {
    Text("top")
        .padding(100)
        .background(Color.red)
}
.safeAreaInset(edge: .leading) {
    Text("leading")
        .padding(100)
        .background(Color.green)
}
.safeAreaInset(edge: .trailing) {
    Text("trailing")
        .padding(100)
        .background(Color.blue)
}
.safeAreaInset(edge: .bottom) {
    Text("bottom")
        .padding(100)
        .background(Color.purple)
}

While this seems to work as expected on all iPhone/iPad simulators, I am having trouble to understand why it looks like the added safe area insets are ignored on a physical iPad (and not on a physical iPhone).

Expected result (scrolled all the way up); list is inset
Expected result (scrolled all the way down); list is inset
Result on physical device (scrolled all the way up); safe area insets ignored
Result on physical device (scrolled all the way down); safe area insets ignored

Do I miss something? Some kind of accessibility feature or whatever on the iPad? Is this is a bug? Are there any known good workarounds?