• Premiums to rise average of 5.47% following government approval
• Rise of $3.80 a week or less for more than half of nib's policyholders
• Increase reflects higher hospital payments, healthcare costs, and more customer claims
• nib focused on driving healthcare affordability and accessibility

nib Group (ASX: NHF) today announced its health insurance premiums would rise an average of 5.47% following approval by the Minister for Health and Ageing, Disability and the NDIS. The increase has been kept as low as possible, with a rise of $3.80 a week or less for more than half of nib's policyholders. nib said the premium increase reflects larger payments to private and public hospitals, higher healthcare costs across the sector which continue to outpace general inflation, and a rise in the number of customers claiming on their health insurance. nib Group CEO and Managing Director Ed Close said the health fund is committed to delivering strong value for customers and will continue to work hard to drive healthcare affordability and accessibility for customers. During FY25, on behalf of customers, nib paid more than $2.3 billion in claims, an increase of almost 9% on the previous year, translating into almost 400,000 hospital admissions and 4.3 million visits to healthcare providers. nib is investing in initiatives to reduce out-of-pocket costs, such as expanding gap networks with providers, and is focused on helping customers stay healthier and minimise unnecessary hospital stays. nib acknowledged the pressure on the healthcare system, particularly hospitals, and said it has paid more than $1 billion to private and public hospitals in FY25 and developed partnership agreements with several major hospital groups.

nib Group's health insurance premiums will rise an average of 5.47% in 2026 following government approval.