Nib's NZ earnings rise 36% in 2017 as OnePath acquisition makes full year contribution

Mon, 21 Aug 2017

By Rebecca Howard Aug. 21 (BusinessDesk) - Nib Holdings's New Zealand earnings rose 36 percent as the country's second biggest health insurer benefited from a full year's contribution of the OnePath business it bought in 2015. The ASX-listed company said underlying operating profit in New Zealand rose to A$23.5 million in the year to June 30 from A$17.3 million in the prior year, helped by a "benign claims environment," it said. The result also includes the full benefit of OnePath health insurance after it bought the medical insurance b...

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