nib experiencing extraordinary claims growth
ASX-listed health insurer nib has told the market that its New Zealand operations are weighing on its earnings performance.
In an earnings update, chief executive Mark Fitzgibbons said that “extraordinary growth in New Zealand claims experience is weighing heavily on this year’s group commercial performance, with an expected operating loss in 1H25 of about A$10 million" ($11 million).
Fitzgibbons said this was a trend encountered by all insurers in New Zealand and that conditions were forecast...MORE»
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Today Southern Cross Health Society Group (“Group”) shares its annual results for the year ended 30 June 2024, highlighting extraordinary growth in claims over the year; in volume and value. MORE »
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