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Why NIB caught a post-COVID cold

The private health insurer feels the heat on margins, Bendigo & Adelaide Bank gets a grilling on costs and Dan Murphy’s owner Endeavour Group finds some wins from AI.

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The big result | Retiring NIB chief executive Mark Fitzgibbon was left scratching his head at the market’s savage reaction to the private health insurer’s full-year result: revenue up, net profit up, shares down 15.2 per cent.

NIB CEO Mark Fitzgibbon: “We’re hoping we can shape the actual future of the NDIS.” David Rowe

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/why-nib-caught-a-post-covid-cold-20240826-p5k599