** Shares of Australia's NIB Holdings NHF.AX rise as much as 2.8% to A$6.085
** Stock set for its strongest session since late-Sept, if gains hold, and hits highest levels since Oct 18
** The insurer says its Australian residents' health insurance operation has shown robust growth
** Says business has displayed strong fundamentals at a time when Australian households face rising cost-of-living crisis
** NIB Holdings stock down 18.54%, YTD
(Reporting by Namrata Verma in Bengaluru)
((Namrata.Verma@thomsonreuters.com))
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