Nib logs $260.9M underlying operating profit in FY26

• Nib reported a 9.1% increase in underlying operating profit to $260.9 million for the financial year.
• The board declared a final dividend of 21 cents per share, inclusive of a special dividend.
• The company stated its future strategy involves expanding health management programmes and technological integration.

Health insurer Nib (ASX:NHF) reported a 9.1% increase in underlying operating profit to $260.9 million.

The result exceeded the $239.2 million operating profit recorded during the previous financial year.

Insurance revenue grew 6.4% to $3.01 billion, supported by growth in our policyholder base and a 5.47% price increase effective from April 1.

"In FY26, 94.8% of Australian residents' claims were processed within 24 hours and 86.3% were processed through automation, contributing to an NPS of +32," said Nib Managing Director and CEO Ed Close.

The company stated its internal digital and artificial intelligence programmes delivered $61 million in productivity value.

Following the announcement, the Nib share price was up at $7.40.

The insurer declared a final dividend of 21 cents per share, inclusive of a 5-cent per share special dividend.

For FY27, Nib eyes an underlying operating profit of between $265 and $285 million, excluding nib Travel, subject to risk equalisation.

The business recently divested its travel insurance division to concentrate capital on its core health operations.