Australia's NobleOak Life jumps on higher annual profit

NobleOak Life

29/08/2025 06:55

** Shares of insurer NobleOak Life NOL.AX jumps as much as 9.2% to A$1.480, their highest level since July 28

** FY underlying NPAT rises 22% YoY to A$18.3 mln ($11.89 million); net insurance premium up 21% to A$119.1 mln

** Co targets FY26 in-force premium growth above 15%, underlying NPAT growth above 10%

** Stock is up around 4% so far in Aug

** Stock last up 7.8%, trims YTD losses to 7.9%

($1 = 1.5389 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))