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NobleOak Life Limited (ASX:NOL)

ALERT: Price-sensitive ASX Announcement for NOL
Current share price for NOL : $1.130 -0.135 (-10.67%)+
Announcement
Release
22 Jun 2026 8:58AM
Price at Release
$1.265
Full Release
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Summary
NobleOak Life Limited, an Australian direct life insurer, announced an updated Embedded Value (EV) as of December 31, 2025, indicating a year-on-year growth of 9% to $2.34 per share, amounting to $217.7 million based on an 8.5% discount rate. NobleOak achieved a 16% increase in in-force premiums, meeting its FY26 guidance. Excluding the impact of a one-off Victorian stamp duty provision, the EV growth would have been approximately 13%. The company's growth strategy includes leveraging a scalable digital platform, minimal legacy systems, and AI transformation to enhance operating efficiency. The company is transitioning to a LifeCo structure to improve capital efficiency and governance, with an expected two-year implementation period and anticipated benefits in capital structure and governance alignment.
Key Points
  • NobleOak's Embedded Value grew by 9% to $2.34 per share.
  • Total Embedded Value as of December 31, 2025, was $217.7 million.
  • In-force premiums rose 16%, meeting FY26 growth guidance.
  • Excluding Victorian stamp duty, EV growth would have been 13%.
  • NobleOak's growth driven by digital platform and AI transformation.
  • Transitioning to a LifeCo structure for better capital efficiency.
  • Implementation of LifeCo structure expected to take two years.
  • NobleOak's strong market share growth and strategic plan highlighted.
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.