Oct 14, 2020 / NTS GMT
Simon Swanson - ClearView Wealth Limited - MD & Director
Thank you, Christian. And I'm joined by my colleague, Athol Chiert, the Chief Financial Officer of ClearView. This morning, we announced a market update for the first quarter of financial year '21. We did this because we'd given guidance because of the uncertainty surrounding COVID-19. And we just thought it was appropriate at least to allow people to have some information about how the organization is performing in this obviously very difficult time.
Our underlying profit increased by 35% quarter-on-quarter to almost $7 million. Primarily, that was driven by improved claims performance and by improvements in in-force Life Insurance premiums growing up to $276 million. Lapses were slightly higher than expected, but our retention strategies remain in place and are taking effect. And we believe the performance should be measured against our new assumptions that were reflected in our embedded value at the 30th of June. And it's fair to say that we're very comfortable with the way that is performing, including the allowances for potential COVID
ClearView Wealth Limited - Special Call Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot