The board declared a dividend of 5.75 cents and a special dividend of 9 cents, which will be paid on October 3. Photo: Max Mason-Hubers
Private health insurer nib said its full-year net profit after tax rose 4 per cent to $69.9 million, despite a lower operating profit in its Australian residential business which was hit by high claims for medical care.
However the result was in line with consensus among analysts of net profit of $69.3 million.
Overall operating profit, which excludes net investment income, rose 4.3 per cent to $72.3 million in the year ended June 30.
The company said it would report operating income of $75 million to $82 million in the 2015 financial year.