NIB Holdings (ASX:NHF) has announced an increase in underlying operating profit to $125.1M for the six months ended December 31, up 13.3% from $110.4M in 1H22.

NIB Holdings highlighted Total Group revenue grew 9.3% to $1.5B, while net claims expense increased 4.9% to $1.1B.

It also says Net profit after tax was up 12.8% to $91.6M and the interim dividend was 13.0 cents per share fully franked.

NIB Holdings says statutory earnings per share was 20 cents, up 12.4%.