ClearView Wealth Ltd (ASX:CVW)
A$ 0.59 -0.005 (-0.84%) Market Cap: 383.72 Mil Enterprise Value: 416.63 Mil PE Ratio: 99.16 PB Ratio: 1.08 GF Score: 62/100

Half Year 2021 Clearview Wealth Ltd Earnings Call Transcript

Feb 24, 2021 / 12:30AM GMT
Release Date Price: A$0.475 (+3.26%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the ClearView Wealth Limited HY '21 Results Call. (Operator Instructions) I must advise you that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Managing Director of ClearView, Simon Swanson. Thank you. Please go ahead.

Simon Swanson
ClearView Wealth Limited - MD & Director

Thank you for dialing in today. I'm joined this morning by Athol Chiert, ClearView's Chief Financial Officer. In a moment, Athol will take you through ClearView's half year '21 result. But first, I'll provide an overview and business update. There will be time for questions at the end.

Page 2 provides a results snapshot. Despite challenging market conditions, the business performed strongly due largely to improved claims management outcomes. For the half year, operating earnings increased 39% to $13.1 million, and reported net profit after tax remained flat at $9.7 million. Life Insurance in-force premiums rose 8% and gross premium income increased 7%

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