Report
David Ellis
EUR 147.86 For Business Accounts Only

NIB Impresses With Strong 2016 Profit; Noncore Profit Set to Grow; FVE Lifted by 5%

NIB Holdings' strong fiscal 2016 profit impressed, with reported net profit after tax, or NPAT, up 22% to AUD 91.8 million, in line with our forecast but modestly below consensus. EPS of AUD 21.3 cents increased in line with profit. Despite the all-round strong performance, management outlook commentary and guidance for fiscal 2017 are subdued, with soft market conditions across the private health-insurance sector likely to continue. NIB boosted dividends with a total fully franked dividend of A...
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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