ClearView is gaining new business market share in a growing market
New business up 34% to $33.7m in FY24 with 11% market share
Challenger in IFA market • Sales momentum and growth continued in FY24 • New sales of $33.7m (up 34%) • New business market share up to 11.0% – increasing from 9.2% • Reflects a “step-change” in the sales momentum since Q4 FY23 aligned to overall market growth • Market growth of 11% to circa $300m of new sales - driven by improving industry dynamics and adviser productivity supported by underlying demand for life insurance products • ClearView is gaining new business share - growing market • Deep distribution relationships, quality of new product and data/ analytics focus is driving new business share gains • Strongly positioned to take further advantage of market rebound
FY26 Target New Business Market Share 12%-14%
IFA New Business ($m) and Market Share (%)
Launch of technology platform for new business
12.00%
42.3
11.0%
40.3
39.2
10.00%
34.7
9.2%
33.7
8.6%
19.7 7.6%
17.3
19.7
8.00%
27.5
25.2
24.3 5.9%
6.6%
23.6
6.3%
16.2
19
20.2
6.00%
5.2%
16.3 5.1%
14.3
17.0
10.1
13.9
12.1
4.0%
9.8
4.00%
3.1%
8.4
7.9
22.6
21.9
20.6
2.1%
17.5
15.7
2.00%
14.2
13.2
3.7
11.5
11.3
10.4
8.6
8.4
0.5%
New business market share 11% of IFA market
0.2 3.5
0.00%
FY12A FY13A FY14A FY15A FY16A FY17A FY18A FY19A FY20A FY21A FY22A FY23A FY24A 1H 2H Column2 NB Mkt Share
6
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