nib has reported a 40% increase in underlying profit in its New Zealand operations.
The health insurer recorded a profit of $11.5 million in this country for the six months ended December 31.
New Zealand premium revenue rose by more than a quarter to $105.1 million.
Chief executive Rob Hennin said the New Zealand-based operations were tracking well for the full year on the back of a recent acquisition and strong customer sales.
“The acquisition of OnePath health in late 2015 has provided our business with additional leverage and scale...MORE»
Friday, February 17th, 11:00AM
Partners Life has rejoined the Financial Services Council after quitting the organisation in 2015 amid the fallout of the Melville Jessup Weaver reportMORE»
Thursday, February 16th, 2:00PM
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