Business
Major health insurer Nib’s profit plunges 40% – NEWS.com.au
Major health insurer Nib’s profit plunges 40%
Insurance group Nib says the coronavirus pandemic has generated challenging conditions for the health insurance market, with the groups profit sliding by more than a third. The major Australian health insurer posted a net profit of $90.1 million for the 12 months ending June 30, a 40 per cent, or $59.7 million plunge compared with financial year 2019.
Nib managing director Mark Fitzgibbon said the onset of the pandemic had “blurred” progress made within the company’s Australian health insurance…
-
Noosa News23 hours agoBrisbane’s covert cameras catching more than just litterbugs
-
Business9 hours ago1 ASX dividend stock down 43% I’d buy right now
-
General19 hours agoCoalition abandons ‘end’ to work from home, walks back 41,000 job cuts
-
Noosa News8 hours agoBanana farmers still salvaging fruit four weeks after ex-Tropical Cyclone Alfred