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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 8:21AM
Price at Release
$1.320
Full Release
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Summary
NobleOak Life Limited reported its half-year results for the period ending 31 December 2025. The company achieved a 19% growth in in-force premiums, reaching $505 million, marking significant progress toward its $1 billion target. The underlying net profit after tax (NPAT) increased by 11% to $9.6 million, though the statutory NPAT was impacted by a provision for the Victorian Stamp Duty. Strategic initiatives, including a new partnership with nib and the launch of the Futura product, have bolstered growth. NobleOak's financial discipline and risk management continue to support stable margins and lower profit volatility. They have maintained strong capital adequacy at 174% and are focusing on embedding strategic growth priorities and AI to enhance efficiency. The outlook remains positive with expected in-force premium growth above 15% and underlying NPAT growth over 10%.
Key Points
  • In-force premium grew 19% to $505 million.
  • Underlying NPAT increased by 11% to $9.6 million.
  • Statutory NPAT impacted by Victorian Stamp Duty provision.
  • New partnerships with nib and Futura product launches.
  • 174% capital adequacy multiple maintained.
  • Focus on strategic growth, AI adoption, and efficiency.
  • Positive outlook with >15% premium growth and >10% NPAT growth expected.
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.