By Rebecca HowardNib Holdings, the ASX-listed company that's New Zealand's second-largest health insurer, reported a strong first-half underlying operating profit and updated its guidance for the full year. It noted that the first half result includes a full period benefit from OnePath NZ. It bought the medical insurance book of OnePath NZ from ANZ Bank New Zealand for about A$22.5m in late 2015. "The acquisition of OnePath health in late 2015 has provided our business with additional leverage and scale. Looking ahead, Nib said it expects its full-year group underlying operating profit to be in a range of A$140m to A$150m and its statutory operating profit to be in a range of A$137m to A$147m.

Source: New Zealand Herald February 19, 2017 23:26 UTC