Nib New Zealand 1H underlying profit up 40% as OnePath acquisition benefits mount

Sun, 19 Feb 2017

By Rebecca Howard Feb. 20 (BusinessDesk) - Nib Holdings, the ASX-listed company that's New Zealand's second-largest health insurer, reported a strong first-half underlying operating profit and updated its guidance for the full year. Nib New Zealand is part of one of Australia's largest health insurers, which today reported a 43 percent lift in underlying operating profit in the six months to Dec. 31 to A$95.2 million as total group revenue lifted 7.3 percent to A$995 million. Its net profit was A$71.1 million, up 65 percent. New Zeala...

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