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NobleOak Life Limited (ASX:NOL)

ALERT: Price-sensitive ASX Announcement for NOL
Current share price for NOL : $1.190 -0.165 (-12.18%)+
Announcement
Release
29 Aug 2025 8:22AM
Price at Release
$1.355
Full Release
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Summary
NobleOak Life Limited reported strong financial performance for the fiscal year 2025, with in-force premiums growing 20% year-on-year to $464.2 million, outperforming market averages. The company achieved a 22% increase in underlying NPAT to $18.3 million, although statutory NPAT saw a reduction due to provisions related to potential Victorian Stamp Duty exposure and economic assumption changes. NobleOak continued to strengthen its capital position, published its Embedded Value for the first time since its IPO at $197.6 million, and announced strategic initiatives like transitioning to a Life Company structure and launching new partnerships. Looking forward to FY26, NobleOak aims to grow in-force premiums by over 15% and underlying NPAT by over 10%, supported by new product launches and market expansions.
Key Points
  • In-force premiums grew 20% to $464.2 million as of 30 June 2025.
  • Underlying NPAT increased by 22% to $18.3 million.
  • Statutory NPAT reduced by 23% to $7.1 million due to provisions and economic changes.
  • Embedded Value published at $197.6 million, reflecting strong growth trajectory.
  • Transition to a Life Company structure to enhance capital efficiency.
  • New partnerships and products to drive future growth.
  • FY26 targets include over 15% growth in in-force premiums and over 10% growth in NPAT.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.