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As one of Australia's fastest growing health funds, nib provides affordable health
cover to more than 700,000 people nationwide.
Established over 50 years ago, nib has experienced significant national market growth
since 2002.
nib recently became the first Australian health fund to demutualise and list on
the Australia Securities Exchange (ASX). This direction, and change in the fundamental
corporate structure, best positions nib to meet its aspirations of becoming a truly
national business that offers innovative products and services, and greater value
for our customers.
Visit Why nib
to find out more about our affordable products and services.
Our Vision
High quality private sector healthcare is accessible and affordable for all Australians.
Our Mission
To shape the future of private healthcare funding in a way that increases participation,
enhances health outcomes and creates enterprise value.
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Company Snapshot (nib Financial Year 2007 Results) |
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Consolidated Profit
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$52.5 million |
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Management Expense Ratio (Health Fund)
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11.4% |
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Investment Income
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$32.4 million |
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Net Assets
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$336.2 million |
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nib Customers |
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Policyholders
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328,784
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Persons covered
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681,013
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Policyholder Growth
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8.8% |
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Market Share |
6.6% |
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Contribution income |
$666.0 million |
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Benefits paid (including ancillary) |
$571.1 million |
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Ancillary benefits paid |
$169.4 million |
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Retail Centres |
32 across Australia |
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nib Employees |
581 |
For further details visit
Financial Information in the Shareholders section of the nib website.
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