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 2023 Clearview Wealth Ltd Earnings Call Transcript

Feb 22, 2023 / 11:00PM GMT
Release Date Price: A$0.5
Operator

Good morning. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the ClearView Wealth Limited Half Year 2023 Results Conference Call. (Operator Instructions)

Mr. Simon Swanson, Managing Director, you may begin your conference.

Simon Swanson
ClearView Wealth Limited - MD & Director

Thank you for joining us for ClearView's half year results briefing. I'm here today with Athol Chiert, ClearView's Chief Financial Officer. In a moment, we'll take you through the investor report, but first, I will provide a general overview and business update. There will be time for questions at the end.

Turning to Slide 3. This is a strong result, reflecting business momentum and improving favorable market conditions. For the half year, ClearView reported a $16.3 million underlying net profit after tax, up 31% on the previous corresponding period. We are particularly pleased with the improving profit margins in our core life insurance business. Life insurance is the main driver of performance,

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