BUZZ-Australian insurer NIB slumps on gloomy New Zealand ops outlook

Reuters

2024/11/12

** Shares of Australia's NIB Holdings NHF.AX fall as much as 7% to A$5.58

** Stock hits lowest level since April 23, 2021

** NIB estimates it will report operating loss for first half and lowers outlook as a boost in claims for its New Zealand operations weighs on returns

** The insurer is set for its weakest trading session since late August

** Stock has fallen 18.81% this year, as of last close

(Reporting by Nichiket Sunil in Bengaluru)

((nichiket.sunil@thomsonreuters.com))

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