Insurance
nib posts first half loss but expects to rebound in second half
Tuesday 25th of February 2025
Revenue was up 12.1% in six months ending December 31 to $218.0 million from $194.4 million in corresponding period last year, but the business delivered an underlying operating loss of $10.9 million for six months, against a profit of $13.0 million in the first half last year.
nib New Zealand chief executive, Rob Hennin, said the half-yearly result reflects the challenging economic e...
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