NIB Upgrades FY19 Earnings Guidance. No Change to AUD 6.20 FVE
Narrow-moat-rated private health insurer NIB Holdings surprised with a positive earnings guidance update for fiscal 2019. The firm continues to benefit from the prolonged benign claims environment, particularly in the core Australian resident health insurance business. Low claims activity for first-quarter fiscal 2019 and a better-than-expected outcome for claims incurred during the 12 months ended June 30, 2018 is reducing claims utilisation to historic lows across the private health insurance ...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.
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