Site menu

Search by ticker code:
Generic filters


Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

NIB Holdings Limited (nib) Profit Jumps 11%

NIB Holdings Limited (ASX: NHF) the private health insurance company revealed an 11% revenue jump in its 2018 financial year and a profit of $132 million, up 11%.

nib announced it will pay a final dividend of 11 cents per share, fully franked. That takes its full-year dividends to 20 cents per share.

Analysts had been expecting nib to report a profit of $126 million, according to Bloomberg, together with full-year dividends of 19.3 cents per share. Therefore, it appears nib slightly exceeded consensus forecasts.

nib’s Australian residents’ health insurance (arhi) unit reported a 12% increase in insurance premiums compared to 2017, thanks in part to the acquisition of GU Health.

“Our core arhi business once again grew organically at a rate well ahead of the industry average and we welcomed the GU business,” nib CEO Mark Fitzgibbon said.

“Our net policyholder growth excluding GU was 3.0% compared to industry average of 0.5%, with the GU business adding approximately an additional 29,000 policyholders for the year.”

With technical innovation being an important consideration for private health insurers, Mr Fitgibbon says nib is positioning itself to play a bigger role in disease prevention.

“Powered by “big data”, artificial intelligence and amazing advancements in medical science we are certain the future will be much more about disease prevention than it is cure and as a business we plan to be at the vanguard of the transformation,” Fitzgibbon added.

“…there’s a future much closer than many think whereby members will be provided with the means to literally edit their DNA to wipe out a potential disease.” – Fitzgibbon.


Looking towards the 2019 and beyond, nib said market conditions are expected to remain difficult.

The company expects to report annual organic growth of 3% to 4% from its arhi business but expects its net margin to fall from 6.9% to the top end of between 5% and 6% in 2019.

Introducing The Australian Investors Podcast

Join The Rask Group’s founder, Owen Raszkiewicz, as he profiles Australia’s best investors, founders, authors and financial thinkers. Download it free on iTunesCastboxSoundCloud or wherever you choose to listen.


$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content