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NOL - NobleOak Life (1 Viewer)

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NobleOak is an independent, multi-award winning Australian life insurer based in Sydney. As an APRA-regulated friendly society, NobleOak is able to manufacture, underwrite, administer and distribute life risk insurance products.

Following its demutualisation in 2011, NobleOak repositioned its business model, launching a direct-to-consumer life insurance product set. This strategy was underpinned by NobleOak's commitment to look after customers and offer high value, easy to understand and competitive life risk insurance products through a modern and intuitive digital platform. Since then, NobleOak has diversified the business by manufacturing white labelled tailored products for Strategic Partners. These products are mostly distributed to customers through advisers.

Today, NobleOak has over 60,000 active insurance policies, representing over $140 million of in-force premiums. Growth has been strong with in-force premiums growing at a compound annual growth rate (CAGR) of over 60% in the five years to December 2020. In the six months to 31 December 2020, NobleOak continued on its strong growth trajectory notwithstanding the continuing backdrop of transformation in the Australian life risk insurance industry and the COVID-19 pandemic.

It is anticipated that NOL will list on the ASX during July 2021.

 

Dona Ferentes

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Listing date21 July 2021 #
Company contact detailshttps://www.nobleoak.com.au/
Ph: + 61 2 8123 2506
Principal ActivitiesRegistered friendly society providing life insurance
GICS industry groupTBA
Issue Price$1.95
Issue TypeOrdinary Fully Paid Shares
Security codeNOL
Capital to be Raised$62,200,000
Expected offer close date14 July 2021
UnderwriterUnderwritten. Barrenjoey Advisory Pty Limited (Underwriter and Lead Manager).
 

Dona Ferentes

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Insurance - wow name your disaster, so many to choose from.
Used to be a better business when interest rates were higher. Assured revenue, gets the actuaries in, manage the pile of moulah, and if too many claims come in, up the premiums.
 

Dona Ferentes

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after the first minute of exuberance, opening at $2.06, NOL has listed ..... a quick dump and now trading $1.92 to $1.95, NIL premium
 

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