Nib doubles NZ earnings, sees further growth, after adding policyholders

Sun, 21 Aug 2016

By Jonathan Underhill Aug. 22 (BusinessDesk) - Nib Holdings, the ASX-listed company that's New Zealand's second-largest health insurer, said full-year earnings doubled and it expects further growth in the 2017 year after adding policyholders and widening its margins. Underlying operating profit in New Zealand jumped to A$17.3 million in the year ended June 30, from A$8.7 million a year earlier, the Newcastle-based company said in a statement. Premium revenue rose about 15 percent to A$174 million while claims rose 25 percent to A$121 mill...

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