nib release 1H24 financial results
nib have released their financial results for 1H24.
Underlying operating profit of $13.2 million
Premium revenue was $197 million, up from $179.7 million in 1H23
Private health insurance experienced policy growth of 3.7%
nib New Zealand Chief Executive, Rob Hennin said,
“We have reported a solid first-half result and are positioned well for the full year. nib NZ has continued to see strong growth in resident private health insurance policyholders, and we have seen positive contributions from our international student, worker and traveller insurance business OrbitProtect and life and living insurance business nib nz insurance limited.”
Hennin pointed to nib’s focus on innovation as key to delivering value and improved services to customers, highlighting OrbitProject, the launch of the redesigned ‘my nib NZ’ app and website, and wellbeing initiatives like Toi Ora and Kickstarter as examples.
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