NIB posts flat HY profit of $82.9m
Make us a preferred source
Make us a preferred source on Google
The news: Health insurer NIB Holdings has reported an interim net profit after tax of $82.9 million, unchanged from the prior corresponding period.
The numbers: Group revenue rose 7.7% to $1.9 billion, while underlying operating profit came in at $129.1 million from $105.8 million a year ago, driven by strong performance in the Australian residents business sector.
The group had reached a customer base of 1.95 million, its largest so far.
The company declared an interim fully franked dividend of 13 cents per share, unchanged from a year ago.
The context: NIB CEO Ed Close said the results were driven by strong momentum in the Australian residents segment, supported by solid policyholder growth and the strength of the group’s multi-channel distribution strategy.
NIB Group forecast FY26 underlying group profit in the range of $257 million to $267 million.
The source: ASX
