Six-month results show nib NZ earnings holding up
The company’s FY21 half year results, released today, revealed a bounce back in healthcare treatment following Covid-19 restrictions. This is reflected by a 2.8% increase in new health insurance policies over the past 12 months, says nib CEO Rob Hennin.
“Our first half results also show claims increased 7.6% as members head back to their medical professionals or seek treatment following the first wave of Covid-19 restrictions,” Hennin explains.
Claims to nib dropped significantly during the first lockdown period in New Zealand. But by September the claims began to surge again. Additionally, the pre-approval checks for elective surgery remained strong.
The claims that have experienced the largest increase post-Covid-19 lockdown were:
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