NIB stands by profit guidance despite growth in members

Lyndal McFarland

Article excerpt:

In a statement, private health insurance group NIB Holdings said policyholder numbers grew by 5.17 per cent, or 18,899 new policies, in the latest financial year. The group had forecast growth of around 4 per cent in late April. Managing director Mark Fitzgibbon said that, despite the result, the company's expected pre-tax underwriting result for the full year was still in the range of $35 million to $40m.

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