Nib Holdings (NHF) $5.94

NHF +10.20%: the private health insurer deserved every cent of its rally today after surprising the market with strong profit guidance for the current financial year. They expect underlying operating profit between $200-225m, around 10% better than current expectations at the midpoint. The beat was driven by a low claims environment & growth in new customers. The business has already seen policy holder growth of 3.7% this financial year in their most significant Australian resident arm, which is about double the growth seen through FY20. On guidance, the second half is expected to see profit growth of 60% showing strong momentum into next year.

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Nib holdings (NHF)

LAST UPDATED 26/04/2021 16:39

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Nib holdings (NHF)

LAST UPDATED 26/04/2021 16:39