Financial highlights and FY26 goals
Group Underlying NPAT (from continuing operations) up 25% to $35.3m in FY24 under new accounting standard AASB 17; final FY24 dividend of 1.7cps (total of 3.2cps)
Life Insurance Underlying NPAT Margin
In-force Premium Market Share
Fully franked FY24 dividend 3.2cps 60% payout Fully franked FY23 dividend 3.0cps 54% payout
Gross Premiums $325.1m
New Business Market Share
FY23 Actual
9.9% 1
9.2%
3.2%
+9%
Life Insurance Underlying NPAT Margin 11.0%
In-force Premium Market Share
Gross Premiums $358.1m
New Business Market Share 11.0%
FY24 Actual
+11% +10%
3.5%
In-force Premium Market Share
Life Insurance Underlying NPAT Margin 11%-13%
Dividend Policy
Gross Premiums
New Business Market Share 12%-14%
FY26 Goals
40%-60% of Underlying NPAT
$400m+
~4%
3
1. FY23 Underlying NPAT margin restated to 9.9% (from 9.7%) to remove impacts on Underlying NPAT from changes in claims assumptions in FY23 to ensure consistency between periods.
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