NIB announces FY09 full year results
Highlights
• Pre-tax underwriting profit of $40.2 million - up 21.8% on FY08 ($33.0 million)
• Net policyholder growth of 18,899 (5.2%) vs estimated industry growth of 3.0%
• Premium revenue up 9.4% to $829.5 million (FY08: $758.2 million)
• Net consolidated profit after tax of $23.8 million (FY08: $26.7 million) impacted by negative net returns on investment portfolio of $(1.8) million (FY08: $7.5 million positive)
• Final dividend of 4.4 cps fully franked (Full year dividend of 7.4cps)
• Total shareholder return for year of 58.2% (ASX 300: (20.3)%)
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