Clearview Wealth Limited ( (AU:CVW) ) just unveiled an update.
ClearView Wealth Limited reported a 22% decrease in its half-year life insurance underlying net profit after tax (NPAT) to $15.2 million, impacted by an outlier in claims experience during Q1 FY25. Despite this, the company saw an 8% increase in gross premium income and in-force premiums, and plans a share buyback of up to 10% of its share capital over the next 12 months, aiming to utilize surplus capital effectively.
More about Clearview Wealth Limited
ClearView Wealth Limited operates in the life insurance industry, offering life insurance products and services. The company focuses on growing its market share in the advised life insurance sales market and is in the process of exiting its wealth management operations.
YTD Price Performance: -3.85%
Average Trading Volume: 455,964
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$232.3M
For a thorough assessment of CVW stock, go to TipRanks’ Stock Analysis page.