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NIB Holdings Provides Business Update and Full Year Outlook

26 Apr 2021  |  08:29:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: nib provides business update and full year outlook

NIB Holdings provided an update on its unaudited performance for the nine months to 31 March 2021 and outlook for financial year 2021 (FY 2021). The Company paused market guidance on expected Group Underlying Operating Profit (UOP) in 2020 due to the uncertainty created by COVID-19. The unaudited Group UOP for the nine months to 31 March 2021 was $140.9m. The provision for deferred and suspended claims during the pandemic (COVID-19 provision) for arhi was $59.0m (unaudited) compared to $70.7m for the first half of FY 2021.

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