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NIB Holdings Limited (ASX:NHF)

ALERT: Price-sensitive ASX Announcement for NHF
Current share price for NHF : $7.310 0.78 (11.94%)+
Announcement
Release
23 Feb 2026 8:25AM
Price at Release
$6.530
Full Release
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Summary
NIB Holdings Limited reported a strong financial performance for the first half of FY26, with a 22% increase in underlying operating profit (UOP) to $129.1 million. The company achieved significant revenue growth and managed to reduce its operating expense ratio to 16.5%, despite the challenges of claims inflation. The NZ segment showed signs of recovery, and the international health insurance business experienced a 23.3% growth in UOP. However, investment income saw a decline. The company maintained a robust capital position with a PCA ratio of 1.91x, and net profit after tax was stable at $82.9 million.
Key Points
  • UOP of $129.1 million, up 22.0% with strong performances from adjacent businesses and recovery in NZ.
  • Continued top line revenue growth with Australian residents policyholder growth expected to be above system.
  • Productivity agenda delivered a reduction in Group operating expense ratio to 16.5%.
  • Net margin for Australian residents is 6.8%, with claims inflation managed effectively.
  • NZ recovery plan delivering results with stabilizing claims inflation.
  • International health insurance showed UOP growth of 23.3%, Health Services profitable for the half.
  • Investment income declined due to underperformance in equities.
  • Strong capital position with nib Health Funds PCA ratio at 1.91x.
  • Total income increased by 7.6% to $1,930.7 million.
  • Net profit after tax remained stable at $82.9 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.