nib release 1H25 financial results

nib delivered an underlying operating loss of $10.9 million for 1H25, down considerably on 1H24’s $13 million profit. Revenue for 1H25 was up 12.1% (to $218 million) from the same time last year, but challenging conditions that included incurred claims being up 27.3% (to $159.7 million) on 1H24, and rising costs (claims inflation at 17.6%, service costs up 7.6% and utilisation up 9.3%) led to the loss.

nib NZ Chair, Hanne Janes said

“We know value is crucial for members, now more than ever. In 2H25, we will continue our focus on costs, refocus on innovation and productivity gains, and bring good solutions to health care for members.”

As we write nib is promoting the launch of their new ultimate life and living range of products to advisers. The new suite is aimed specifically at advisers and the launch material incorporates pre-launch ratings of the product. A formal launch date is yet to be confirmed but is expected within the next couple of months. Advisers are currently being invited to training sessions to obtain accreditation.

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INFINZ event 'Key Learnings from the FMA's Monitoring Report' is on 6 March in Auckland