Private health insurer nib NZ reverses decade of policy-holder decline

Mon, 24 Aug 2015

By Fiona Rotherham Aug. 24 (BusinessDesk) - Nib New Zealand, the local arm of the Australian private health insurer nib, has turned around more than a decade of policy-holder decline, growing customers by 5.9 percent to 83,775 in the 2015 financial year. The Australian parent reported an 8 percent gain in net profit to A$75.3 million, or 17.3 cents per share, in the year ended June 30, as the insurer benefited from what it said was an inevitable funding shift from government to private sector health. Nib New Zealand contributed A$7.3 m...

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