Health fund nib holdings Ltd
(ASX:NHF) has announced a policyholder growth rate of 5.7 per cent or 18,899 net new policies for the period ending June 30 2009.
The company’s previous guidance was a policyholder growth rate slightly better than 4 per cent.
Managing director Mark Fitzgibbon says despite the result the company’s pre-tax underwriting result for the full year is still expected to be in the range of $35 million to $40 million.
The company says it has seen a jump in the number of policy sales in the past few weeks, however due to this growth being in the latter stages of the financial year, it is not expected to materially impact its revenue and earnings for the 2009 fiscal year.
Mr Fitzgibbon says despite the higher than forecast policyholder growth rate, economic conditions will continue to pose a challenge in fiscal year 2010. nib holdings 2008 net profit fell significantly from its result in 2007.
