NIB posts FY profit rise

By Chris Kohler

The group will pay a fully-franked ordinary final dividend of 5. 75c, plus a special dividend of 9c per share, will be paid on October 3 to members on the register at September 12. "NIB’s and the overall industry’s market growth really makes a nonsense of past speculation that various changes to Government policy would see the private health insurance market shrink,” managing director Mark Fitzgibbon said. "Approximately 13 million Australians now have private health insurance up more than 15 per cent from five years ago.

NIB says recent growth in the health insurance sector proves the futility of speculation that changes to government policy would cause the industry to shrink, after delivering a modest lift in full-year earnings and forecasting rising profit in the year ahead.

Read more here: Business Spectator


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