InvestSMART

NobleOak Life Limited (ASX: NOL) - Financials

- Current share price for NOL : $1.290

Nobleoak Life Limited (NOL) is an ASX-listed company and is not held by any exchange traded funds (ETFs). It 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
2026 70.5 ¢ 14.8 ¢ 0 ¢ 0% $1.11 9.36 54.2% -21.7%
2025 64 ¢ 16.5 ¢ 0 ¢ 0% $0.96 9.1 65.2% 5.9%
2024 50.2 ¢ 16.3 ¢ 0 ¢ 0% $0.83 10.11 73.1% -21.6%

NOL Historical Financials

2026 2025 2024
Net Earned Premium ($M) 119.1 98.6
Claims Expense ($M) -60.6 -81.8 -60.1
Underwriting Profit ($M) -60.6 32 38.5
Net Loss Ratio (%) 68.7 60.9
Net Expense Ratio (%) 4.5
Combined Ratio (%) 73.1 60.9
Investment Income ($M) 9.2 39.5 5.8
Unrealised Gains & Losses ($M)
Net Profit Before Abs ($M) 14.1 15.1 14.4
Net Profit After Abs ($M) 14.1 7.1 9.3
Income Tax Rate (%) 30.7 53.9 31.4
Employees ($T)
Shareholders Equity ($M) 103.5 88.9 71.4
Return on Equity (%) 13.6 17 20.2
Payout Ratio (%)

NOL Cashflow

2026 2025 2024
Premiums Received ($M) 533 452 375
Net Operating Cashflow ($M) 67.4 58.7 44.4
Net Investing Cashflow ($M) -72 -46 -30
Net Financing Cashflow ($M) -1 8 -1

NOL Market & Earnings

2026 2025 2024
Market Cap ($M) 110.7 141.1 124
Dividend Yield (%)
NTA Per Share ($) 1.09 0.93 0.78
EBT Before Abs ($M) 20.4 20.4 18.7
Solvency (%) 74.7 72.4

NOL Balance Sheet

2026 2025 2024
Cash ($M)79.8 85.5 64
Receivables ($M)
Investments ($M)
Other Current Assets ($M)84.4 102.8 65.8
Total Current Assets ($M)167.7 318.4 216.4
Receivables ($M)154.3 103.4 81.3
Investments ($M)323.5 125.4 134
Property, Plant & Equipment ($M)3.41 4.28 5.23
Other Non-Current Assets ($M)6.64 15.92 26.82
Total Non-Current Assets ($M)487.9 248.9 247.3
Total Assets ($M)655.6 567.3 463.7
Current Unearned Premium ($M)
Claims Outstanding ($M)
Current Accounts Payable ($M)9.54 113.09 121.45
Short Term Debt ($M)3.81 4.58 5.26
Current Provisions ($M)7.01 3.75
Other Current Liabilities ($M)
Total Current Liabilities ($M)20.4 121.4 126.7
Non-Current Unearned Premium ($M)
Claims Outstanding ($M)
Non-Current Accounts Payable ($M)530.7
Long Term Debt ($M)
Non-Current Provisions ($M)0.99 0.92
Other Non-Current Liabilities ($M) 356 265.6
Total Non-Current Liabilities ($M)531.7 356.9 265.6
Total Liabilities ($M)552 478.4 392.3
Net Assets ($M)103.5 88.9 71.4
Outside Equity ($M)

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
© Morningstar. All rights reserved. Neither any Morningstar company nor any of their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (in respect of Australian products) or Investment Statement (in respect of New Zealand products) before making any decision to invest. No Morningstar-affiliated company or any of their employees is providing you with personalised financial advice. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only.