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NobleOak Life Limited (ASX:NOL)

ALERT: Price-sensitive ASX Announcement for NOL
Current share price for NOL : $1.245 -0.075 (-5.68%)+
Announcement
Release
27 Feb 2026 8:19AM
Price at Release
$1.320
Full Release
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Summary
NobleOak Life Limited reported a solid financial performance for the half-year ended 31 December 2025, with an underlying NPAT of $9.6 million, marking an 11% increase from the previous year. The company also saw a 19% growth in in-force premiums, significantly surpassing industry growth rates, and continued to lead the market as the most awarded Direct Life Insurer in Australia. Despite a statutory NPAT decrease of 23% to $6.3 million, the company maintained a strong capital adequacy ratio of 174%. Notably, NobleOak did not declare a dividend, attributing this decision to the need to support growth opportunities and regulatory capital requirements.
Key Points
  • NobleOak reported an Underlying NPAT of $9.6 million for the half year ended 31 December 2025, an 11% increase compared to the previous period.
  • Statutory NPAT decreased by 23% to $6.3 million due to recurring and non-recurring items.
  • In-force premiums grew by 19% to $504.8 million, significantly outperforming the industry.
  • New business sales increased by 11%, with a strong performance in the Strategic Partner segment.
  • The capital adequacy ratio remained robust at 174%, within the target range of 140-190%.
  • NobleOak maintained a leading position in the market, recognized as Australia's most awarded Direct Life Insurer from 2019 to 2025.
  • Investment income increased slightly, though returns on invested assets decreased due to lower interest rates.
  • The company decided not to declare a dividend due to significant growth opportunities and regulatory capital requirements.
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.