NIB Holdings Limited
(ASX:NHF) has generated a full year net profit of $67.2 million, slightly lower than a year ago.
The fall in profit was attributed to a $3.4 million one-off cost from its acquisition of New Zealand group TOWER Medical Insurance.
Premium revenues added 14.8 per cent to $1.3 billion, up from $1.1 billion last year.
NIB is forecasting a consolidated operating profit in the range of $73 to $80 million for fiscal 2014.
It will pay a final fully-franked dividend of 5 cents, taking the total dividend to 10 cents per share.
