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Health Insurance Australia

Private Health Insurance News

NIB on Monday reported net profit for the first half of the  2009/10 financial year of $43.1 million, up from $2.08 million in the prior corresponding period.

The result reflected an improved net underwriting profit, significantly improved investment performance, and lower holding company and other expenses.

NIB said its positive half year result, the improved domestic economic outlook and the rebound in financial markets provided a strong foundation for the 2010 full year and beyond.

via Herald Sun.

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