DJ Nib's Premium Hike May Weigh on Participation -- Market Talk
Nib's premium increase approval is positive for the Australian private health insurer, but it could place pressure on participation, says Morgan Stanley. Nib's premiums will rise by an average of 4.36% from April 1 versus a 3.55% average over the past three years, which MS says is better than it expected. The investment bank estimates a 50-basis-point increase to premium per policy growth equates to around a 6% increase to earnings, all else being equal. Nib rises 0.7% to A$5.76. (alice.uribe@wsj.com)
(END) Dow Jones Newswires
December 21, 2020 18:24 ET (23:24 GMT)
DJ Correction to Nib Market Talk
Nib falls 0.2% to A$5.79. "Nib's Premium Hike May Weigh on Participation -- Market Talk," at 2324 GMT, incorrectly said shares were up 0.7% at A$5.76. The error also appeared on "Global Equities Roundup: Market Talk," at 2359 GMT.
(END) Dow Jones Newswires
December 21, 2020 19:08 ET (00:08 GMT)
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