nib holdings (ASX:NHF) said it expects certain non-recurring one-off items in the fiscal first half of around AU$17 million, which will impact its statutory operating profit, but not its underlying operating profit, according to a Friday Australian bourse filing.

The expenses partly relate to a net cash expense of around AU$8 million in the period relating to historical adjustments for the private health insurance, Australian government rebate, and New South Wales hospital insurance levy. They also include restructuring costs associated with the group-wide productivity program, as well as strategic initiatives such as the strategic review of nib Travel.

A non-cash expense of around AU$4.5 million is expected to be incurred in the half-year for the reduction in the value of redundant software relating to acquisitions in nib Thrive.