Listed private health insurer NIB Holdings Ltd
(ASX:NHF) says the number of customers taking out a policy with the insurer grew by 3.9% or 15,392 net policies for the nine months to March 31, 2010.
NIB says this compares to the industry average growth rate of 1.9% for the same period.
Managing director, Mark Fitzgibbon says the result reinforces the company’s ability to achieve a growth rate of more than double the industry average.
The health insurer says its year-to-date has been strong with NIB accounting for 15% of total industry policyholder growth.
In its target 20 - 39 years of age segment, the company says, NIB grew by 4.5% compared to the industry average of 1.5%, and accounts for 31% of total industry growth in this segment.
Looking ahead Mr Fitzgibbon says NIB is well positioned to deliver policyholder growth for the full year in the upper end of the company’s guidance range of 4 - 6%.
NIB reported a profit after tax of $23.79 million for fiscal 09, way up on the year before.
