
Insurance
nib reports profit drop on weak dollar
Wednesday 31st of October 2018
Premium revenue dropped 0.6% to A$198.1m.
nib said the decline in the New Zealand result was down to the weak dollar. In New Zealand dollar terms, premiums grew 1.9% and underlying profit 3.8%.
The number of policy holders in this country grew 2.3% over the year.
"Our multi-channel distribution strategy made good progress during the year with net policyholder growth...
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