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NobleOak Life Ltd ( (AU:NOL) ) just unveiled an update.
NobleOak Life Limited reported a strong financial performance for FY25, with a 20% increase in in-force premiums to $464 million and a 22% rise in underlying NPAT to $18.3 million. The company continues to strengthen its position as a leading direct life insurer in Australia, driven by a diversified strategy, direct distribution model, and investment in technology and product innovation. A significant strategic development was the transition from a Friendly Society to a Life Company structure, aiming for cost-effective capital management and improved governance. This transition, requiring a $3-4 million investment, positions NobleOak for future growth in life insurance and wealth markets. Despite not declaring a dividend for FY25, the Board anticipates potential dividend payments by 2027, contingent on ongoing strong performance.
The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.
More about NobleOak Life Ltd
NobleOak Life Limited is an independent, APRA-regulated Australian life insurance provider with a 147-year history. The company offers direct-to-consumer life insurance products through a digital platform and manufactures white-labelled products for strategic partners. NobleOak focuses on providing high-value, easy-to-understand, and competitive life risk insurance products.
Average Trading Volume: 89,103
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$127.3M
Learn more about NOL stock on TipRanks’ Stock Analysis page.