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NobleOak Life Limited (ASX:NOL)

ALERT: Price-sensitive ASX Announcement for NOL
Current share price for NOL : $1.140 -0.18 (-13.64%)+
Announcement
Release
27 Feb 2026 8:22AM
Price at Release
$1.320
Full Release
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Summary
NobleOak Life Limited's Half Year Results Presentation highlights solid financial growth and strategic advancements for the half year ending 31 December 2025. The company reported a 19% increase in in-force premiums to $504.8 million and a 21% rise in net insurance premium revenue to $71.6 million. The underlying net profit after tax (NPAT) improved by 11% to $9.6 million. Market share in new business increased to 4.4%, and the lapse rate decreased to 12.4%. Despite a statutory profit of $6.3 million being impacted by a $6.5 million provision for potential Victorian Stamp Duty exposure, the company maintained a strong capital adequacy ratio of 174%, which is within its target range. NobleOak is also executing growth strategies by embedding AI, launching new products, and expanding partnerships. With a focus on strategic investment and operational efficiency, the company reaffirms its outlook for over 15% in-force premium growth and more than 10% underlying NPAT growth for FY26.
Key Points
  • 19% increase in in-force premiums to $504.8 million.
  • 21% rise in net insurance premium revenue to $71.6 million.
  • 11% growth in underlying NPAT to $9.6 million.
  • New business market share increased to 4.4%.
  • Lapse rate decreased to 12.4%.
  • Statutory profit impacted by $6.5 million provision for Victorian Stamp Duty exposure.
  • Strong capital adequacy ratio of 174%.
  • Growth strategies include AI integration, new products, and partnerships.
  • FY26 outlook includes over 15% in-force premium growth and more than 10% NPAT growth.
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.