Australia's NIB Holdings slips to 2-1/2-month low on weak annual profit

NIB Holdings

24/08/2026 02:38

** Shares of NIB Holdings NHF.AX fall as much as 9.7% to A$6.68, their lowest level since June 9
** Stock clocks its steepest intraday pct loss since August 2024
** The insurer posts annual net profit attributable of A$187.5 million ($134.53 million), down 12.3% year-on-year
** Company, however, reports a 5% rise in full-year revenue to A$3.8 billion from A$3.6 billion a year earlier 
** Stock down 2% YTD, including the session's moves
     
($1 = 1.3937 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))