ASX:NOL

2 stories mentioning ASX:NOLUpdated 77d ago

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NobleOak Life Secures In-Principle Victorian Insurance Duty Relief

NobleOak Life (ASX:NOL) said it has received in-principle ex gratia relief from Victoria's State Revenue Office on insurance duty applied to general insurance premiums written between Jan. 1, 2025, and June 30, 2025, following discussions with the Victorian Treasurer and revenue authorities, according to a Monday filing with the Australian bourse.The company had recognized a AU$6.5 million provision as at Dec. 31, 2025, and now expects the final exposure to be lower, with the outcome to be reflected in fiscal 2026 accounts once resolved, the filing added.

ASX:NOL

Wire91d ago

NobleOak Life Reports 9% Embedded Value Growth; Achieves Fiscal 2026 In-Force Premium Guidance; Shares Up 3%

NobleOak Life (ASX:NOL) said it increased its embedded value by 9% year over year to AU$2.34 per share, or AU$217.7 million, as of the end of 2025, according to a Monday filing with the Australian bourse.Excluding a previously disclosed one-off Victorian stamp duty provision, annual embedded value growth would have been about 13%, reflecting profitable growth of in-force premiums and continued market share gains, the company said.It also reported AU$538 million of in-force premiums as of May 31, up 16% from a year earlier, marking the achievement of its fiscal 2026 guidance for growth of more than 15%, per the filing.The company's shares gained nearly 3% in recent Monday trade.

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