• Group revenue up 7.7% to $1.9 billion
• Group underlying operating profit up 22.0% to $129.1 million
• Net profit after tax in line with expectations at $82.9 million

nib Group delivered a strong first half operating performance, with Group underlying operating profit (UOP) of $129.1 million, up 22.0%. The Australian residents business delivered a solid first half performance, supported by disciplined investment in growth and the continued strength of the multi-channel distribution strategy. Margins in Australian residents remained stable, and within nib's 6-7% target range, supported by ongoing cost discipline. nib's adjacent businesses, including international health insurance and New Zealand, continued to perform well, contributing $30.4 million to Group UOP, the strongest first-half contribution since FY19. nib continues to invest in digital customer experiences and AI, with its digital-first strategy delivering results at scale across sales, service, and claims. AI adoption is delivering real productivity gains and improved customer experiences, supporting the reduction in the Group operating expense ratio by 100bps to 16.5%. The Board declared a fully franked interim dividend of 13 cents per share.

nib provides full year FY26 earnings guidance for Group UOP in a range of $257 million to $267 million (assuming a full-year UOP contribution from nib Travel).

nib continues to focus on delivering greater customer value, sustainable policyholder growth, and effective expense management in a competitive operating environment. The company's digital-first strategy and AI adoption are driving productivity gains and improving customer experiences.