Australian insurer NIB rises as health business unit shows upbeat growth

NIB Holdings

07/11/2024 03:20

** Shares of Australia's NIB Holdings  NHF.AX  rise as much
as 2.8% to A$6.085
    ** Stock set for its strongest session since late-Sept, if
gains hold, and hits highest levels since Oct 18
    ** The insurer says its Australian residents' health
insurance operation has shown robust growth
    ** Says business has displayed strong fundamentals at a time
when Australian households face rising cost-of-living crisis
    ** NIB Holdings stock down 18.54%, YTD

 (Reporting by Namrata Verma in Bengaluru)
 ((Namrata.Verma@thomsonreuters.com))