Report
David Ellis
EUR 100.00 For Business Accounts Only

NIB’s 1H19 Result Highlights Challenges Facing Private Health Insurers. No Change to AUD 6.20 FVE

Narrow-moat-rated private health insurer NIB Holdings delivered a solid first-half fiscal 2019 performance with reported NPAT up 5% on previous corresponding period, or pcp, to AUD 74 million, in line with our expectations. But the make-up of the result surprised. A strong insurance underwriting result was partially offset by a weak performance from the firm’s travel insurance business and a sharp fall in investment returns. We were impressed with the modest guidance upgrade for fiscal 2019. NIB...
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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