Nib Holdings Limited operates in the Hospital and medical service plans sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Nib Holdings Limited with three other
insurance companies in Australasia:
Clearview Wealth Limited
(2020
sales of 410.34 million Australian Dollars [US$289.99 million]
of which 43%
was Life Insurance),
Challenger Ltd
(1.13 billion Australian Dollars [US$800.56 million]
of which 19%
was Fund Management), and
Steadfast Group Ltd
(814.20 million Australian Dollars [US$575.40 million]
of which 93%
was Insurance intermediary).
Sales Analysis.
Nib Holdings Limited reported sales of A$2.51 billion (US$1.78 billion)
for the
fiscal
year ending
June of 2020.
This
represents
an
increase of 2.5%
versus 2019, when the company's sales were A$2.45 billion.
Sales at Nib Holdings Limited have increased during each of the previous five years
(and since 2015, sales have increased a total of 51%).
Sales of Nib Travel saw an increase
that was more than double the company's growth rate: sales were up
105.0% in 2020, from
A$2.00 million to A$4.10 million.
Nib Holdings Limited also saw significant increases in sales in
New Zealand Residents Health Insurance (up 11.4% to A$240.10 million)
and
International(Inbound)health Insurance (up 11.8% to A$123.10 million)
.