NIB Holdings Ltd (ASX: NHF) is one of the ASX’s largest private health insurers, it was founded in 1952. NIB provides health and medical insurance to over 1.5 million Australian and New Zealand residents. NIB also provide health insurance to more than 160,000 international students and workers in Australia. It’s also Australia’s third-largest travel insurer and global distributor of travel insurance through its World Nomads Group business.
The NIB Holdings Limited (ASX:NHF) share price has dropped more than 5% after the private health insurer released its FY20 report.
NIB Holdings Limited (ASX: NHF) today reported its 2020 half-year financials showing an increase in revenue but a decline in profit.
The S&P/ASX 200 (ASX: XJO) is expected to trade down today with NIB Holdings (ASX:NHF), G8 Education (ASX:GEM) and Jumbo Interactive (ASX:JIN) in the news.
Private health insurers such as Medibank Private Ltd (ASX: MPL) and NIB Holdings Ltd (ASX: NHF) could face more pressure on their profit margins as increases in private health insurance premiums fail to keep pace with healthcare costs.
Australian health insurer NIB Holdings Ltd (ASX: NHF) today announced it will team up with the USA’s Cigna Corporation as part of a big data joint venture.
The NIB (ASX:NHF) share price fell over 2% after providing a FY20 market update.
The NIB Holdings Limited (ASX: NHF) share price was trading 3.56% higher today. Over the past month, shares of NIB Holdings are down 2%.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.29% on Thursday.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 1.30% on Thursday.
