30 September 2016

Company Announcements Office ASX Limited

20 Bridge Street

SYDNEY NSW 2000

2016 Annual Report - nib holdings limited

nib holdings limited Head Office

22 Honeysuckle Drive

Newcastle NSW 2300

abn 51 125 633 856

t 13 14 63

f 02 4925 1999

e nib@nib.com.au

w nib.com.au

Please find attached nib's 2016 Annual Report which was distributed to nib shareholders today.

The Annual Report can also be viewed online at nib.com.au/shareholders.

Regards,

Michelle McPherson Chief Financial Officer & Company Secretary

For further information please contact:

Matthew Neat

Head of Corporate Affairs & Investor Relations T: +61 (0)2 4914 1777

M: +61 (0)411 700 006

E: m.neat@nib.com.au

ANNUAL REPORT 2016

CONTENTS

Group Performance Highlights 1

Operating and Financial Review 2

Directors' Report 14

Auditor's Independence Declaration 21

Remuneration Report 22

Corporate Governance Statement 43

Financial Report 44

Consolidated Income Statement 45

Consolidated Statement of Comprehensive Income 46

Consolidated Balance Sheet 47

Consolidated Statement of Changes in Equity 48

Consolidated Statement of Cash Flows 49

Notes to the Consolidated Financial Statements 50

Directors' Declaration 112

Independent Auditor's Report to the Members 113

Shareholder Information 115

Corporate Directory 117

2016 ANNUAL GENERAL MEETING

The Annual General Meeting of nib holdings limited will be held at The Westin, 1 Martin Place, Sydney at 11.00am (AEDT) on Wednesday, 2 November 2016.

nib holdings limited ABN 51125 633 856

GROUP PERFORMANCE HIGHLIGHTS‌

For the year ended 30 June 2016

TOTAL GROUP REVENUE $m ~ 14.3%

1,873.1*

UNDERLYING OPERATING PROFIT $m ~ 49.9%

132.0

1,127.4

1,293.5

1,497.3

1,639.3

71.0 75.5 77.3

88.0

FY12

FY13

FY14

FY15

FY16

FY12

FY13

FY14

FY15

FY16

* Excludes non-recurring profit from sale of Newcastle office building

NET INVESTMENT RETURN $m

28.829.7

25.6

31.4*

~

46.2%

NET PROFIT AFTER TAX $m ~ 22.0%

91.8

75.3

67.6 67.2 69.8

16.9

FY12

FY13

FY14

FY15

FY16

FY12

FY13

FY14

FY15

FY16

* Includes profit on sale of PSG shares of $5.4m in FY15

DIVIDENDS cps ~ 28.3%

RETURN ON EQUITY % ~ 11.7%

25.8

16.07 21.7 21.620.8

23.1

9.0

14.75

10.0

9.25

11.0

11.5

FY12

FY13

FY14

FY15

FY16

FY12

FY13

FY14

FY15

FY16

Ordinary Special Capital Return

EARNINGS PER SHARE (STATUTORY) cps ~ 22.5%

21.2

17.3

NET PROMOTER SCORE (ARHI*) %

18.7

16.9

20.7

~

3.0%

17.7

14.8 15.3 15.9

12.4

FY12

FY13

FY14

FY15

FY16

FY12

FY13

FY14

FY15

FY16

All figures quoted are in Australian dollars unless otherwise stated.

* Australian Residents Health Insurance

a n n u a l r e p o r t 2 0 1 6 1

NIB Holdings Limited published this content on 30 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 September 2016 22:50:04 UTC.

Original documenthttps://www.nib.com.au/shareholders/file/ASX Announcement_AR.pdf

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