NIB Loses Bull Due to Worsening Claims Inflation -- Market Talk

Dow Jones

Nov 13, 2024

2315 GMT - Health insurer NIB Holdings loses a bull in Jefferies after its latest update pointed to recent challenges in New Zealand. Jefferies downgrades NIB to hold, from buy, because the expected impact of claims inflation in FY 2025 is worse than its prior estimates. NIB yesterday said it now expects an operating loss of some A$10 million in 1H in its New Zealand business, although it remains confident of making a profit by the year end. "Resident claims inflation has been expected following pandemic lows," analyst Vanessa Thomson says "Yet the worsening New Zealand experience and the guided decline in underlying operating profit for FY 2025 are more negative than we expected." (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 12, 2024 18:15 ET (23:15 GMT)

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Jefferies downgrades NIB to hold, from buy, because the expected impact of claims inflation in FY 2025 is worse than its prior estimates. NIB yesterday said it now expects an operating loss of some A$10 million in 1H in its New Zealand business, although it remains confident of making a profit by the year end. \"Resident claims inflation has been expected following pandemic lows,\" analyst Vanessa Thomson says \"Yet the worsening New Zealand experience and the guided decline in underlying operating profit for FY 2025 are more negative than we expected.\" (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2024 18:15 ET (23:15 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIB Loses Bull Due to Worsening Claims Inflation -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIB Loses Bull Due to Worsening Claims Inflation -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-13 07:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2315 GMT - Health insurer NIB Holdings loses a bull in Jefferies after its latest update pointed to recent challenges in New Zealand. Jefferies downgrades NIB to hold, from buy, because the expected impact of claims inflation in FY 2025 is worse than its prior estimates. NIB yesterday said it now expects an operating loss of some A$10 million in 1H in its New Zealand business, although it remains confident of making a profit by the year end. \"Resident claims inflation has been expected following pandemic lows,\" analyst Vanessa Thomson says \"Yet the worsening New Zealand experience and the guided decline in underlying operating profit for FY 2025 are more negative than we expected.\" (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2024 18:15 ET (23:15 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NHF.AU","symbol_name":"NIB HOLDINGS LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483642110","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483642110","pubTimestamp":1731453300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2315 GMT - Health insurer NIB Holdings loses a bull in Jefferies after its latest update pointed to recent challenges in New Zealand. Jefferies downgrades NIB to hold, from buy, because the expected impact of claims inflation in FY 2025 is worse than its prior estimates. NIB yesterday said it now expects an operating loss of some A$10 million in 1H in its New Zealand business, although it remains confident of making a profit by the year end. \"Resident claims inflation has been expected following pandemic lows,\" analyst Vanessa Thomson says \"Yet the worsening New Zealand experience and the guided decline in underlying operating profit for FY 2025 are more negative than we expected.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NHF.AU":"NIB HOLDINGS LTD","NIB":"iPath Bloomberg Cocoa Subindex Total Return ETN","BK7089":"人寿与健康保险"},"translate_title":"由于索赔通胀恶化，NIB失去牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NHF.AU":0.9,"NIB":1},"content_text":"2315 GMT - Health insurer NIB Holdings loses a bull in Jefferies after its latest update pointed to recent challenges in New Zealand. Jefferies downgrades NIB to hold, from buy, because the expected impact of claims inflation in FY 2025 is worse than its prior estimates. NIB yesterday said it now expects an operating loss of some A$10 million in 1H in its New Zealand business, although it remains confident of making a profit by the year end. \"Resident claims inflation has been expected following pandemic lows,\" analyst Vanessa Thomson says \"Yet the worsening New Zealand experience and the guided decline in underlying operating profit for FY 2025 are more negative than we expected.\" (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 12, 2024 18:15 ET (23:15 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}