Insurance
nib NZ first-half net profit impacted by inflation

Tuesday 27th of February 2024
Underlying net profit for the six months was $13.2 million, down from $18.2 million in the previous first half, which was also inflated by a one-off deferred acquisition cost adjustment.
The Australian parent company said excluding the latter, the NZ result would have been 7.4% lower.
Net premium revenue was up 9.6% to $197 million, reflecting the policyholder growth.
Th...
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