NIB's FY profit falls slightly
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
NIB Holdings (NHF) will continue to push into new markets and target international workers and students in an attempt to counter claims inflation and increasing profit margin pressure in its domestic resident health insurance arm.
It comes after the group posted a slightly lower full-year net profit of $67.2 million, from $67.6 million in the prior year. The fall came largely on $3.4 million in one-off costs on its acquisition of New Zealand group TOWER Medical Insurance and was in line with market expectations.
Premium revenues added 14.8% to $1.29 billion in the period, from $1.12 billion.
It will pay a final fully-franked dividend of five cents per share, taking the total dividend for the year to 10 cents – an 8.1% increase from the previous year.
Guidance for the current financial year is set at a consolidated operating profit of between $73 million and $80 million, at the upper end of analyst forecasts for $73 million.
NIB is part of the Uncapped 100.