Report
David Ellis
EUR 101.80 For Business Accounts Only

NIB Continues to Expand Third Party Distribution Capability; AUD 4.20 Fair Value Estimate Unchanged

Narrow moat-rated private health insurer NIB Holdings continues to expand its all-important distribution capability with the recent white labelling deal with Suncorp Group. The arrangement strengthens NIB’s existing health insurance partnership with Suncorp brand APIA, and from December 2016 NIB health insurance will be sold through Suncorp Insurance followed by Suncorp’s AAMI Insurance brand from early 2017. The Suncorp distribution deal is a positive initiative for the fast-growing Newcastle-b...
Underlying
NIB Holdings Ltd

NIB Holdings operates in five segments: Australian Residents Health Insurance, which consists of Co.'s main product offering within the Australian private health insurance industry; New Zealand Residents Health Insurance, which consists of Co.'s main product offering within the New Zealand private health insurance Industry; International (Inbound) Health Insurance, which consists of Co.'s offering of health insurance products for international students and workers; World Nomads Group, which consists of Co.'s distribution of travel insurance products; and NIB Options, which consists of Co.'s facilitation of access to cosmetic and dental treatment both overseas and in Australia.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Ellis

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