nib announces FY13 Half Year Results

nib announces FY13 Half Year Results

Highlights:
• Premium revenue up 10.5% to $612.8 million
• Pre-tax underwriting result of $39.1 million versus $42.7 million in 1H12
• nib New Zealand inaugural contribution of $2.0 million (one month net underwriting profit)
• Investment income of $18.2 million or 7.6% (annualised)
• Consolidated net profit after tax of $36.3 million versus $38.3 million in 1H12
• Earnings per share per share of 8.3 cents (1H12: 8.2 cents)
• Return on equity of 21.7% versus 18.0% in 1H12
• Interim ordinary dividend of 5 cps fully franked (1H12: 4.25cps)
• Forecast FY13 pre-tax net underwriting profit of $75 million to $78 million (previously $70 million to $75 million)
Please find below links to nib's FY13 Half Year Results ASX Announcement and Investor Presentation.
• ASX Announcement
• Investor Presentation

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