NIB Holdings Limited
(ASX:NHF) has raised its full-year profit guidance, following a better than expected performance in the first quarter of the financial reporting period.
The health insurer is now forecasting consolidated statutory operating profit for FY16 of $90 million to $100 million, up from $85 million to $90 million previously.
NIB Holdings forecast that investment income is likely to be lower than FY15 as a result of a reduced capital base and M&A. The company said FY16 investment returns are likely to be in line with relevant internal benchmarks.
The company anticipates ordinary dividend payout ratio to be 60 percent to 70 percent of full year NPAT.
NIB Holdings recorded a net profit of $75.26 million at 30 June 2015.
