• Strong Group operating performance with 22.0% UOP growth
• Australian residents business delivered another consistent high quality result
• Adjacent businesses delivered highest 1H UOP since FY19

nib Holdings Ltd reported strong Group operating performance in 1H26, with 22.0% growth in Underlying Operating Profit (UOP) to $129.1 million, supported by continued top line revenue growth of 7.7%. The Australian residents business delivered another consistent high quality result, with disciplined policyholder growth expected to be above system, margins in the 6-7% target range, and a material reduction in expense ratios. The adjacent businesses, including International health insurance, New Zealand, Health Services, and Thrive, delivered their highest 1H UOP since FY19, with a total contribution of $30.4 million, up $20.5 million versus 1H25. The productivity and performance agenda continued to unlock value, with $39 million in value created, including $18 million in 1H26. The company also announced the sale of the World Nomads international travel insurance business, with the review of the remaining Australian and New Zealand travel insurance businesses ongoing as part of the strategic focus on the core health insurance markets.

nib expects to deliver disciplined policyholder growth in the Australian residents business above system, with margins to remain in the 6-7% target range, supported by pricing to offset claims inflation.

nib remains focused on driving disciplined growth, productivity, and margin management across its core health insurance markets in Australia and New Zealand, while continuing to invest in adjacent businesses to support the Group's strategic objectives.