Australian insurer NIB slumps on gloomy New Zealand ops outlook

NIB Holdings

12/11/2024 03:12

** Shares of Australia's NIB Holdings  NHF.AX  fall as much
as 7% to A$5.58
    ** Stock hits lowest level since April 23, 2021
    ** NIB estimates it will report operating loss for first
half and lowers outlook as a boost in claims for its New Zealand
operations weighs on returns
    ** The insurer is set for its weakest trading session since
late August
    ** Stock has fallen 18.81% this year, as of last close

 (Reporting by Nichiket Sunil in Bengaluru)
 ((nichiket.sunil@thomsonreuters.com))