An announcement from Clearview Wealth Limited ( (AU:CVW) ) is now available.
ClearView Wealth Limited announced its intention to conduct a share buyback of up to 10% of its share capital over the next 12 months, citing a significant discount of the share price to Embedded Value. The company reported a Life Insurance Underlying NPAT of $15.2 million for HY25, down 22%, and a Group Underlying NPAT of $12.5 million, down 28%. Despite these declines, the Group Reported NPAT rose to $15.9 million from a previous loss. The company’s strategic initiatives, including a technology transformation and wealth management exit, remain on track, with expectations of improved efficiencies and cost reductions.
More about Clearview Wealth Limited
ClearView Wealth Limited operates in the life insurance industry, focusing on providing life insurance products and services. The company is engaged in strategic execution and business simplification, with a market share in in-force premiums of 3.8% and a gross premium growth of 8%.
YTD Price Performance: -3.85%
Average Trading Volume: 455,964
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$232.3M
See more insights into CVW stock on TipRanks’ Stock Analysis page.