nib holdings Full Year 2024 Earnings: Misses Expectations

nib holdings (ASX:NHF) Full Year 2024 Results

Key Financial Results

• Revenue: AU$3.44b (up 9.3% from FY 2023).
• Net income: AU$186.6m (up 62% from FY 2023).
• Profit margin: 5.4% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: AU$0.39 (up from AU$0.24 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

nib holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 9.0%.

The primary driver behind last 12 months revenue was the Australian Residents Health Insurance segment contributing a total revenue of AU$2.65b (77% of total revenue). Notably, cost of sales worth AU$2.97b amounted to 86% of total revenue thereby underscoring the impact on earnings.Explore how NHF's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Insurance industry in Australia are expected to remain flat.

Performance of the Australian Insurance industry.

The company's shares are down 13% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for nib holdings you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.