More policyholders and premium adjustments help NIB boost revenue

The company had fewer claims due to covid-19, as members deferred some treatments and providers restricted access to services. (Image: Depositphotos)

Riley Kennedy

Mon, 22 Aug 2022

The New Zealand arm of insurer NIB Holdings grew its premium revenue by 12% in the past financial year, due to an increase in policyholders and premium adjustments.The Australian Stock Exchange-listed health and life insurer, which today released its results for the 12 months to June 30, 2022, grew its net private health insurance (PHI) policyholders by 5.6% and recorded an increased premium revenue of NZ$312.6 million.The health insurer’s underlying operating profit decreased 5.1% to $25.4m, down from last year’s $26.8m, which incl...

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