InvestSMART

NobleOak Life Limited (ASX: NOL) - Financials

- Current share price for NOL : $1.220

Nobleoak Life Limited (NOL) is an Australia-based direct life insurer. The principal activities of the Company are engaged in the manufacture and distribution of life insurance products (including death, total and permanent disability, trauma, income protection and business expenses insurance) through both its Direct and Strategic Partnership (Advised) channels. The Company segments include Direct Business, Partnership, and Genus.

NOL Per Share

Year to Jun Sales Cashflow Earnings Dividends Franking Book Value Average
Annual P/E		 Relative P/E Shareholder Return
2025 64 ¢ 16.5 ¢ 0 ¢ 0% $0.96 9.1 65.4% 5.9%
2024 50.2 ¢ 16.3 ¢ 0 ¢ 0% $0.83 10.11 73.1% -21.6%
2023 147.8 ¢ 7 ¢ 0 ¢ 0% $1.39 26.05 189.4% -14.5%

NOL Historical Financials

2025 2024 2023
Net Earned Premium ($M) 119.1 98.6 77.6
Claims Expense ($M) -81.8 -60.1 -17.4
Underwriting Profit ($M) 32 38.5 -52.8
Net Loss Ratio (%) 68.7 60.9 22.4
Net Expense Ratio (%) 4.5 145.6
Combined Ratio (%) 73.1 60.9 168.1
Investment Income ($M) 39.5 5.8 3.7
Unrealised Gains & Losses ($M)
Net Profit Before Abs ($M) 15.1 14.4 6.1
Net Profit After Abs ($M) 7.1 9.3 8
Income Tax Rate (%) 53.9 31.4 29.5
Employees ($T)
Shareholders Equity ($M) 88.9 71.4 119.8
Return on Equity (%) 17 20.2 5.1
Payout Ratio (%)

NOL Cashflow

2025 2024 2023
Premiums Received ($M) 452 375 330
Net Operating Cashflow ($M) 58.7 44.4 130.1
Net Investing Cashflow ($M) -46 -30 -109
Net Financing Cashflow ($M) 8 -1 -1

NOL Market & Earnings

2025 2024 2023
Market Cap ($M) 141.1 124 157.3
Dividend Yield (%)
NTA Per Share ($) 0.93 0.78 1.34
EBT Before Abs ($M) 20.4 18.7 14
Solvency (%) 74.7 72.4 154.4

NOL Balance Sheet

2025 2024 2023
Cash ($M)85.5 64 50.4
Receivables ($M)
Investments ($M)
Other Current Assets ($M)102.8 65.8
Total Current Assets ($M)318.4 216.4 164.3
Receivables ($M)103.4 81.3 73
Investments ($M)125.4 134 90.2
Property, Plant & Equipment ($M)4.28 5.23 6.08
Other Non-Current Assets ($M)15.92 26.82 8.05
Total Non-Current Assets ($M)248.9 247.3 177.3
Total Assets ($M)567.3 463.7 341.6
Current Unearned Premium ($M)
Claims Outstanding ($M)
Current Accounts Payable ($M)113.1 121.5 168
Short Term Debt ($M)4.58 5.26 5.83
Current Provisions ($M)3.75 4.15
Other Current Liabilities ($M)
Total Current Liabilities ($M)121.4 126.7 178
Non-Current Unearned Premium ($M)
Claims Outstanding ($M)
Non-Current Accounts Payable ($M)
Long Term Debt ($M)
Non-Current Provisions ($M)0.92 0.71
Other Non-Current Liabilities ($M)356 265.6 43
Total Non-Current Liabilities ($M)356.9 265.6 43.7
Total Liabilities ($M)478.4 392.3 221.7
Net Assets ($M)88.9 71.4 119.8
Outside Equity ($M)

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