NobleOak Life FY26 Results Release
Key points
- In-force premium grew 18% to $549.2 million
- NPAT up 98% to $14.1 million; Underlying NPAT grew 15%
- Embedded Value per share increased by 9% year-on-year to $2.34
- New Direct alliance partnership with nib
- FY27 guidance: In-force premium growth of >12% and Underlying NPAT growth >10%
Full summary
NobleOak Life Limited (ASX: NOL) announced its full year results for FY26, showing profitable growth and market share gains. In-force premium grew 18% to $549.2 million, driven by new business growth of 9% and lower lapse rates. NPAT increased by 98% to $14.1 million, with underlying NPAT growing 15% to $21.1 million. The company's capital position remains strong with a 183% capital adequacy multiple. NobleOak also launched new partnerships and products, including an alliance with nib, and plans to continue leveraging AI for efficiency and customer experience improvements. For FY27, NobleOak expects in-force premium growth of over 12% and underlying NPAT growth of over 10%.
Guidance
FY27 guidance: In-force premium growth of >12% and Underlying NPAT growth >10%
Outlook
NobleOak expects to continue outperforming the market with above-market in-force premium growth, driven by a high share of new business sales and favourable lapse rates.
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