nib holdings Management

Management criteria checks 4/4

nib holdings' CEO is Ed Close, appointed in Sep 2024, has a tenure of less than a year. total yearly compensation is A$1.45M, comprised of 45.4% salary and 54.6% bonuses, including company stock and options. directly owns 0.024% of the company’s shares, worth A$644.45K. The average tenure of the management team and the board of directors is 4.4 years and 4.5 years respectively.

Key information

Ed Close

Chief executive officer

AU$1.5m

Total compensation

CEO salary percentage	45.4%
CEO tenure	less than a year
CEO ownership	0.02%
Management average tenure	4.4yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ed Close's remuneration changed compared to nib holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$1m	AU$659k	AU$187m
Mar 31 2024	n/a	n/a	AU$159m
Dec 31 2023	n/a	n/a	AU$215m
Sep 30 2023	n/a	n/a	AU$206m
Jun 30 2023	AU$1m	AU$604k	AU$115m
Mar 31 2023	n/a	n/a	AU$130m
Dec 31 2022	n/a	n/a	AU$144m
Sep 30 2022	n/a	n/a	AU$141m
Jun 30 2022	AU$1m	AU$488k	AU$137m
Mar 31 2022	n/a	n/a	AU$157m
Dec 31 2021	n/a	n/a	AU$178m
Sep 30 2021	n/a	n/a	AU$170m
Jun 30 2021	AU$932k	AU$484k	AU$161m
Mar 31 2021	n/a	n/a	AU$128m
Dec 31 2020	n/a	n/a	AU$96m
Sep 30 2020	n/a	n/a	AU$92m
Jun 30 2020	AU$493k	AU$359k	AU$88m

Compensation vs Market: Ed's total compensation ($USD940.86K) is below average for companies of similar size in the Australian market ($USD1.46M).

Compensation vs Earnings: Ed's compensation has been consistent with company performance over the past year.

CEO

Ed Close

less than a year

Tenure

AU$1,451,942

Compensation

Mr. Edward Close served as Chief Executive of Australian Residents Health Insurance at nib health funds limited since 2021 until September 1, 2024 & serves as it's MD & CEO since September 1, 2024. He serv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Edward Close	MD & CEO	less than a year	AU$1.45m	0.024% A$ 644.4k
Nick Freeman	Group Chief Financial Officer	4.4yrs	AU$1.53m	0.025% A$ 665.8k
Brendan Mills	Group Chief Information Officer	12.4yrs	AU$1.08m	0.047% A$ 1.3m
Roslyn Toms	Chief Risk Officer	11.6yrs	AU$1.09m	0.021% A$ 558.1k
Lauren Daniels	Group Chief People Officer	2.3yrs	AU$762.14k	0.0038% A$ 102.3k
Martin Adlington	Chief Executive of nib Thrive	2.3yrs	AU$883.80k	0.011% A$ 299.3k
James Barr	Chief Executive of International Visitors	4.1yrs	AU$883.28k	0.0069% A$ 187.6k
Rob Hennin	Chief Executive Officer of nib New Zealand & Travel (CEO NZ & Travel)	11.5yrs	AU$1.41m	0.086% A$ 2.3m
Dan Anderson	Head of Investor Relations	no data	no data	no data
Matthew Neat	Head of Corporate Affairs	no data	no data	no data
Renea Jaeger	Head of Corporate Relations	no data	no data	no data
Jordan French	Company Secretary	7.3yrs	no data	no data

4.4yrs

Average Tenure

Experienced Management: NHF's management team is considered experienced (4.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Donal O'Dwyer	Independent Non-Executive Director	8.7yrs	AU$174.90k	0.0091% A$ 244.5k
David Gordon	Independent Non-Executive Chairman	4.5yrs	AU$350.00k	0.010% A$ 278.0k
Peter Harmer	Independent Non-Executive Director	3.3yrs	AU$195.70k	0.0040% A$ 107.1k
Jill Watts	Independent Non-Executive Director	1.3yrs	AU$162.41k	0.0025% A$ 68.0k
Jacqueline Chow	Independent Non-Executive Director	6.6yrs	AU$214.76k	0.0052% A$ 139.0k
Anne Loveridge	Independent Non-Executive Director	7.8yrs	AU$262.80k	0.0072% A$ 194.6k
Brad Welsh	Independent Non-Executive Director	1.3yrs	AU$162.41k	0.0034% A$ 90.4k

4.5yrs

Average Tenure

63yo

Average Age

Experienced Board: NHF's board of directors are considered experienced (4.5 years average tenure).

nib holdings Management

Management criteria checks 4/4

Key information

Recent management updates

Insider recently sold AU$1.2m worth of stock

Nib Holdings Limited Announces CEO Changes

MD, CEO & Executive Director recently sold AU$277k worth of stock

MD, CEO & Executive Director recently sold AU$580k worth of stock

nib holdings limited Announces Board Appointments

MD, CEO & Executive Director recently sold AU$517k worth of stock

Recent updates

nib holdings limited to Report Fiscal Year 2025 Results on Aug 25, 2025

Insider recently sold AU$1.2m worth of stock

Final dividend of AU$0.14 announced

Full year 2024 earnings released: EPS: AU$0.39 (vs AU$0.41 in FY 2023)

Nib Holdings Limited Announces CEO Changes

MD, CEO & Executive Director recently sold AU$277k worth of stock

Upcoming dividend of AU$0.15 per share

First half dividend of AU$0.15 announced

First half 2024 earnings released: EPS: AU$0.22 (vs AU$0.19 in 1H 2023)

nib holdings limited to Report First Half, 2024 Results on Feb 26, 2024

nib holdings limited (ASX:NHF) acquired BudgetNet Pty Ltd.

MD, CEO & Executive Director recently sold AU$580k worth of stock

nib holdings limited completed the acquisition of Developing Links Pty Ltd.

Upcoming dividend of AU$0.15 per share at 3.7% yield

Full year 2023 earnings released: EPS: AU$0.41 (vs AU$0.30 in FY 2022)

nib holdings limited Declares A Final Dividend, Payable on 3 October 2023

nib holdings limited Announces Board Appointments

MD, CEO & Executive Director recently sold AU$517k worth of stock

Now 20% undervalued after recent price drop

Upcoming dividend of AU$0.13 per share at 3.0% yield

First half 2023 earnings released

nib Holdings Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended December 31, 2022, Payable on April 3, 2023

Now 20% undervalued

nib holdings limited, Annual General Meeting, Nov 10, 2023

nib Holdings Limited Announces Executive Changes

nib holdings limited (ASX:NHF) completed the acquisition of Maple Plan Pty Ltd.

nib holdings limited Appoints Martin Adlington as Chief Executive of nib Thrive

Independent Non-Executive Director recently sold AU$172k worth of stock

MD, CEO & Executive Director recently sold AU$390k worth of stock

Independent Non-Executive Chairman recently bought AU$159k worth of stock

Upcoming dividend of AU$0.11 per share

Full year 2022 earnings released: EPS: AU$0.30 (vs AU$0.35 in FY 2021)

nib holdings limited Declares Final Dividend for the Period Ended June 30, 2022, Payable on October 4, 2022

nib holdings limited to Report Second Half, 2022 Results on Aug 22, 2022

Independent Non-Executive Director recently bought AU$74k worth of stock

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

nib holdings limited Declares Fully Franked Interim Dividend, Payable on April 4, 2022

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

nib holdings limited (ASX:NHF) acquired Midnight Health for AUD 4 million.

MD, CEO & Executive Director recently sold AU$340k worth of stock

MD, CEO & Executive Director recently sold AU$200k worth of stock

MD, CEO & Executive Director recently sold AU$369k worth of stock

Insider recently bought AU$75k worth of stock

Investor sentiment deteriorated over the past week

Full year 2021 earnings released: EPS AU$0.35 (vs AU$0.19 in FY 2020)

Upcoming dividend of AU$0.14 per share

Independent Non-Executive Chairman of the Board Steven Crane has left the company

Key Executive recently sold AU$927k worth of stock

MD, CEO & Executive Director recently sold AU$275k worth of stock

nib Holdings Limited Announces Earnings Guidance for the Fiscal Year 2021

MD, CEO & Executive Director recently sold AU$252k worth of stock

Upcoming Dividend of AU$0.10 Per Share

First half 2021 earnings released: EPS AU$0.14 (vs AU$0.13 in 1H 2020)

Revenue misses expectations

nib holdings limited to Report First Half, 2021 Results on Feb 22, 2021

New 90-day high: AU$5.93

New 90-day high: AU$5.23

New 90-day high: AU$4.97

nib holdings limited Announces Retirement of Christine McLoughlin as a Director

nib holdings limited to Suspend its Earnings Guidance for the Fiscal 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure