NIB Holdings Ltd
NHF: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$8.40 | Yfwzxxn | Blrldqqr |
NIB Holdings Earnings: Competition and Claims Inflation Expected to Lower Margins
NIB Holdings' focus on building an ecosystem of health products and services is not likely to build new profit streams that transform the business. However, investments in telehealth services, in-home care, and health insights and guidance (such as checkups and health plans) help differentiate NIB’s private health insurance offering, especially compared with small health funds. Over 90% of first-half fiscal 2024 operating profit is attributable to private health insurance, and, in our view, the business underpinning the narrow economic moat is performing well.