NobleOak Life Ltd FY26 Preliminary Final Report
Key points
- FY26 Underlying NPAT up 15% to $21.1m
- In-force premium up 18% to $549.2m
- Statutory Reported NPAT up 98% to $14.1m
- Embedded Value up 10% to $217.7m
- No dividend declared
Full summary
NobleOak Life Ltd released its Preliminary Final Report for the year ended 30 June 2026, highlighting strong financial performance. The company reported an 18% increase in in-force premiums to $549.2 million, outperforming the industry. Underlying Net Profit After Tax (NPAT) increased by 15% to $21.1 million, ahead of the company's guidance. Statutory Reported NPAT surged by 98% to $14.1 million, largely due to one-off items in the prior year. Embedded Value (EV) increased by 10% to $217.7 million, representing $2.34 per share. The company maintained a strong capital position with a Regulatory Capital Adequacy Multiple of 183%. Due to the company's growth and pending Life Company transition, no dividend was declared.
Guidance
Underlying NPAT $21.1m, In-force premium $549.2m, FY26
Outlook
NobleOak Life Ltd expects continued growth driven by strong market performance and disciplined capital allocation to maximize shareholder value.
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