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News: NHF NIB Says FY20 Accounts To Likely Accommodate Various Provisions Associated With COVID-19

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    07/05/20
    09:55
    Post #: 44480785

    May 7 (Reuters) - NIB Holdings Ltd (NHF) :

    • GRADUAL RETURN OF ELECTIVE SURGERY, ALLIED HEALTHCARE TREATMENT WILL HELP MAINTAIN CONSUMER CONFIDENCE IN PRIVATE HEALTH INSURANCE
    • IN ARHI POSTPONED GENERAL APRIL 2020 PREMIUM INCREASE BY SIX MONTHS UNTIL OCTOBER 2020
    • FY20 ACCOUNTS TO LIKELY ACCOMMODATE VARIOUS PROVISIONS ASSOCIATED WITH COVID-19
    • OFFERING FRONTLINE HEALTHCARE WORKERS A $250 WELLNESS REBATE IN RECOGNITION OF THEIR ELEVATED RISK EXPOSURE
    • NOT IN POSITION TO PROVIDE GUIDANCE FOR FY20 & BEYOND GIVEN ONGOING UNCERTAINTY
    • IN FY20 EXPECT INVESTMENT INCOME WILL BE WELL DOWN ON PREVIOUS YEARS
    • EXPECT TO BE BETTER PLACED TO CALCULATE SAVINGS IN JUNE 2020
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