NIB Holdings Limited (ASX: NHF) Share Price and News

NIB Holdings Limited (ASX:NHF) was originally known as Newcastle Industrial Benefits. The company was established in the Hunter region of New South Wales in 1952 to provide health insurance for workers at the BHP steelworks. Since its humble beginnings, NIB has grown to become a national and international insurer with a notable share of the Australian and New Zealand private health insurance market.

Beyond health insurance, NIB also provides life insurance as well as travel insurance to its customers across Australia and around the world. NIB is now Australia’s third largest provider of travel insurance.

According to the company’s website, NIB provides health insurance to over 1.6 million people across Australia and New Zealand as well as nearly 200,000 international students and overseas workers in Australia.

The health fund was demutualised on 19 July 2007 and, on the same day, became Australia’s first private health fund to list on the ASX. The NIB share price opened its first day of trade at 85 cents and has since gone on to reach as high as $8 in July 2019.