- CEO
- Edward Close
- Full Time Employees
- 2,019
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- 22 Honeysuckle Drive Newcastle NSW Australia 2300
- IPO Date
- Oct 25, 2007
- Business
- nib Holdings Limited NIB Holdings Limited (ASX: NHF) is an Australia-based private health insurer that underwrites and distributes private health, life, and travel insurance products to Australian and New Zealand residents, international students, workers, and visitors worldwide. Established in 1952 as the Newcastle Industrial Benefits Hospital Fund by workers at BHP Steelworks in Mayfield, the company is headquartered at 22 Honeysuckle Drive, Newcastle, New South Wales, and operates through six key segments: Australian Residents Health Insurance, offering single, couples, family, and single parent hospital and extras cover including no-gap dental, emergency ambulance, and Gold-level hospital benefits for accidents; International (Inbound) Health Insurance, providing Overseas Student Health Cover and Overseas Visitors Health Cover; New Zealand Residents Health Insurance; nib Travel, a top-three Australian travel insurer and global distributor offering travel, life, funeral, and income protection insurance; nib Thrive, the company's National Disability Insurance Scheme (NDIS) business delivering innovative human and digital solutions for people with disabilities; and health management services through subsidiaries like Honeysuckle Health. The company serves over 1.9 million Australian and New Zealand residents alongside 200,000 international policyholders, with geographic operations spanning Australia, New Zealand, and international markets, and generates the majority of its revenue from the health insurance industry where it ranks as Australia's fourth-largest health fund. In recent developments, nib Holdings Limited advances toward full ownership of digital healthcare startup Midnight Health through a merger with its majority-owned Honeysuckle Health following a $9 million investment that increased its stake beyond 80% after performance milestones in fiscal 2024, enhancing operational synergies in data science, online healthcare solutions including brands like Hub.health, Youly.com.au, and Stagger.com.au, and payer-to-partner strategies; pursues a strategic review of its nib Travel division launched in 2025 with Jarden appointed to explore options including a potential $200 million sale to Zurich amid efforts to refocus on core high-margin health segments and manage claims inflation; and maintains full control of Honeysuckle Health after acquiring the remaining 50% from Cigna, while reporting fiscal 2025 underlying operating profit of $239.2 million in line with guidance despite New Zealand volatility.