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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. |
nib 2009 Full Year Results - Overview |
| Premium Revenue |
$829.5 million |
| Gross underwriting result |
$122.0 million |
| Net underwriting result |
$40.2 million |
| Net Investment income |
$(1.8) million |
| Net profit after tax |
$23.8 million |
| Gross Margin |
14.7% |
| Management expense ratio |
9.9% |
| Net margin |
4.8% |
| Investment return |
(0.4)% |
| Net assets |
$361.9 million |
| nib customers |
|
| Policyholders |
384,288 |
| Persons covered |
761,753 |
| Policyholder growth |
5.2% |
| Market share |
7.1% |
| Hospital benefits paid |
$400.4 million |
| Ancillary benefits paid |
$204.0 million |
| Outstanding claims provision movement |
$(5.9) million |
| Retail Centres |
21 |
| nib employees (FTEs) |
458 |
For further details visit Financial Information in the Shareholders section of the nib website. |