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NobleOak Life (NOL) investor relations material
NobleOak Life H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong in-force premium growth to AUD 505 million (up 19% year-over-year), with underlying NPAT up 11% to AUD 9.6 million and new business growth of 11% to AUD 33.8 million.
Market share in in-force premium rose to 4.4% (from 3.7%), with new business market share reaching 13.8%.
Embedded AI and automation across operations to drive efficiency, improve underwriting, and support scalable growth.
Launched new products and partnerships, including alliances with nib and the Futura product with NEOS.
Maintained a sound capital position within the target range, supporting ongoing growth.
Financial highlights
In-force premiums grew 19% year-over-year to AUD 504.8 million, with new business up 11% to AUD 33.8 million and net insurance premium revenue up 21% to AUD 71.6 million.
Underlying NPAT rose 11% to AUD 9.6 million; statutory NPAT was AUD 6.3 million, impacted by a provision for Victorian stamp duty exposure.
Underlying diluted EPS up 4% to 10.08cps; reported diluted EPS at 6.68cps.
Regulatory capital multiple at 174%, within the 140–190% target range.
Lapse rates remained below industry average at 12.4% overall and 13.5% in the direct segment.
Outlook and guidance
Reaffirmed FY26 guidance: in-force premium growth expected to exceed 15% and underlying NPAT growth above 10%.
Ongoing investment in AI, automation, and digital platforms to accelerate growth.
Capital likely to be retained for business investment during transition to Life Company structure.
Strategic focus on scaling new products, strengthening partnerships, and innovating in wealth.
- Strong growth, digital transformation, and all resolutions passed with overwhelming support.NOL
AGM 20253 Feb 2026 - Premiums up 22%, NPAT up 19%, and free cash flow achieved for the first time.NOL
H2 202422 Jan 2026 - Strong growth, board renewal, and digital investment position for future success.NOL
AGM 202412 Jan 2026 - Double-digit premium and profit growth, strong capital, and digital innovation drive expansion.NOL
H1 202526 Dec 2025 - Underlying profit up 22% on 20% in-force premium growth, with strong capital and market share.NOL
H2 202523 Nov 2025
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