ASX:NHF

6 stories mentioning ASX:NHFUpdated 20d ago

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Nib Holdings' Australian Residents Health Insurance Business Weak at Both Policyholder Growth, Gross Margin Levels, Jarden Says

Nib Holdings' (ASX:NHF) fiscal 2026 underlying operating profit was in line with forecasts, while its net profit after tax exceeded expectations due to stronger investment income, Jarden said in a Monday note.The company's special dividend of AU$0.05 per share "was a positive," with Nib Holdings indicating further capital management to come, the equity research firm said.However, the company's key Australian residents health insurance business (ARHI) was weak at both a policyholder growth level as well as a gross margin level, Jarden added. Nib printed policyholder growth of 1.9%, short of Jarden's estimate of 2.3%, while the ARHI net margin deteriorated to 6.2%, compared with Jarden's 6.6% forecast.The investment firm expects Nib Holdings shares to trade weaker on Monday given "soft" fiscal 2027 group underlying operating profit guidance soft and lower gross margins for ARHI.Jarden reaffirmed an overweight rating on Nib Holdings with a target price of AU$7.70.Nib Holdings' shares fell nearly 9% in recent Monday trade.

ASX:NHF

Asia21d ago

Update: Nib Holdings Fiscal 2026 EPS Down, Insurance Revenue Up; Shares Fall 10%

(Updates to add stock movement in the headline and the fifth paragraph)Nib Holdings (ASX:NHF) logged AU$0.384 in earnings per share for fiscal 2026, compared with AU$0.411 a year ago, a Monday filing showed.For the 12 months ended June 30, insurance revenue was AU$3.69 billion versus AU$3.46 billion previously, the Australia-listed financial services and health care company added.The board declared a final dividend of AU$0.21 per security, up from AU$0.16 a year earlier, payable Oct. 7 to shareholders as of Sept. 4. The dividend for the reported period consists of an ordinary dividend of AU$0.16 per share and special dividend of AU$0.05.The company guided for fiscal 2027 underlying operating profit of AU$265 million to AU$285 million, excluding Nib Travel.Its shares fell past 10% in recent trading on Monday.

ASX:NHF

Asia21d ago

Nib Holdings Fiscal 2026 EPS Down, Insurance Revenue Up

Nib Holdings (ASX:NHF) logged AU$0.384 in earnings per share for fiscal 2026, compared with AU$0.411 a year ago, a Monday filing showed.For the 12 months ended June 30, insurance revenue was AU$3.69 billion versus AU$3.46 billion previously, the Australia-listed financial services and health care company added.The board declared a final dividend of AU$0.21 per security, up from AU$0.16 a year earlier, payable Oct. 7 to shareholders as of Sept. 4. The dividend for the reported period consists of an ordinary dividend of AU$0.16 per share and special dividend of AU$0.05.The company guided for fiscal 2027 underlying operating profit of AU$265 million to AU$285 million, excluding Nib Travel.

ASX:NHF

Asia96d ago

nib's Divestment Strengthens Focus on Core Business, Says Jefferies

nib holdings (ASX:NHF) will be able to focus on its core private health insurance business and related growth opportunities after the divestment of its Australian and New Zealand travel insurance business, Jefferies said in a note on Tuesday.The insurer sold the travel insurance businesses to Allianz Partners for AU$50 million following the conclusion of a strategic review of nib Travel.The investment firm said it has reset its investment income assumptions based on higher interest rates, positively impacting returns.Regulatory changes are expected to reduce participation from older customers from 2027, as the government is set to remove the higher Private Health Insurance rebate for people aged 65 and over. This, however, is seen to be offset by a decrease in claims from the older age group, it added.Jefferies forecasts nib's adjusted EPS to rise by 0.9% in fiscal 2026 and 7.3% in fiscal 2027.The brokerage maintained a hold rating but raised price target to AU$7.60 from AU$7.15.

ASX:NHF

Asia100d ago

Australian Shares Continue to Retreat; nib Agrees to Sell ANZ Travel Insurance Businesses to Allianz Group Unit

Australian shares continued their retreat on Friday as the prospects of a peace agreement between the US and Iran seemed distant.The S&P/ASX 200 Index dropped 0.7%, or 61 points, to close at 8,625.10.Brent crude oil futures were trading at around $95 per barrel as traders await more clarity on US-Iran talks.The Hezbollah militia rejected a new ceasefire in Lebanon, and Israel said it would not withdraw troops from the country, Reuters reported.The iron ore price in Singapore reached $100.85 per tonne, a three-month low.On the domestic front, the number of seasonally adjusted filled jobs in Australia rose 0.6% to 16.2 million in the March quarter, following a 0.3% increase in the December 2025 quarter, the Australian Bureau of Statistics said. Total jobs rose 0.7% to 16.5 million, and job vacancies increased 5.2% to 344,000, while secondary jobs increased 0.6% to 1.1 million in the March quarter.In company news, nib (ASX:NHF) agreed to sell its Australian and New Zealand travel insurance businesses, excluding World Nomads, to Allianz Partners, an Allianz Group subsidiary, for up to AU$50 million. The company also partnered with Allianz Partners for the distribution of nib-branded travel insurance products to its customers in Australia and New Zealand.Resolute Mining (ASX:RSG) said full-year 2026 production at its Syama Gold Mine in Mali is now expected to be around the lower end of its guidance range of 195,000 to 210,000 ounces due to logistical and supply chain disruptions caused by road insecurity in parts of Mali. The company said second-quarter gold production at Syama is expected to be about 30,000 ounces, compared with its original forecast of 40,000 to 45,000 ounces.Lastly, Perpetual (ASX:PPT) agreed to acquire 70% of the shares in financial technology firm Interfi Systems. The sale and purchase agreement also comes with an option to acquire the remaining 30% of Interfi Systems' shares by fiscal 2031.

ASX 200ASX:NHFASX:PPTASX:RSG

Asia101d ago

nib Agrees to Sell ANZ Travel Insurance Businesses to Allianz Group Unit

nib (ASX:NHF) agreed to sell its Australian and New Zealand travel insurance businesses, excluding World Nomads, to Allianz Partners, an Allianz Group subsidiary, for up to AU$50 million, according to a Friday filing with the Australian bourse.The sale price comprises about AU$30 million to be received on completion and AU$20 million, subject to the satisfaction of certain conditions over the first year after completion, the filing said.The company also partnered with Allianz Partners for the distribution of nib-branded travel insurance products to its customers in Australia and New Zealand.Meanwhile, the sale of World Nomads to International Medical Group, a SiriusPoint subsidiary, for AU$67.5 million is on track to be completed during the year, per the filing.

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