ClearView Annual report 2024

Consolidated statement of profit or loss and other comprehensive income

For the year ended 30 June 2024

Consolidated

Company

2024 2023 $'000 $'000 $'000 $'000 Restated 1 2023 2024

Note

Continuing operations Insurance revenue Insurance service expenses

5.3

333,911

290,815

— — — —

5.3 (372,180) (290,001)

Net income from reinsurance contracts held

5.3

38,413

8,020 8,834 13,313 4,189 (242)

144

Insurance service result

Investment income

2.5, 5.4

21,076 3,664

8,819

24,946

Net fair value gains on financial assets Change in life investment contract liabilities

5.4 5.4

— —

24,808

17,260 18,535 (8,694)

8,819 24,946

Net investment income

Finance income from insurance contracts issued Finance expense from reinsurance contracts held

5.4

23,169

— — —

5.4 (18,332)

4,837

9,841

Net insurance finance income

29,789 35,935

8,819 24,946

Net insurance and investment result

Fee and other revenue Other operating expenses

2.4

—

107

2.6, 5.3 (13,956)

(11,797) (8,243)

(6,051)

(2,209) (8,062)

Other finance costs

2.6, 5.3

(10,172)

(10,030)

Loss on disposal of investments in subsidiaries Share of net profit of investment in associate Gain on disposal of investment in associate Profit/(loss) before income tax expense

—

— (5,012)

—

8.2 8.2

636

666

636

666

2,197 8,531 (1,531)

— 2,197

—

16,633 (3,909)

(9,441)

15,448 2,923 18,371

Income tax (expense) benefit Profit from continuing operations Loss from discontinued operations

2.7

2,417

7,000 12,724 (7,024)

(19,449) (12,449)

(3,840)

—

8.5

8,884 (7,024)

18,371

Total comprehensive (loss)/income for the year

Attributable to: Equity holders of the parent

(12,449)

8,884 (7,024)

18,371

Earnings per share - continuing operations Basic (cents per share)

2.2 2.2

1.09 1.09

1.99 1.99

— —

Diluted (cents per share)

Earnings per share - continuing operations (excluding share of net profit and gain on disposal of investment in associate) Basic (cents per share)

2.2 2.2

0.65 0.65

1.88 1.88

— —

Diluted (cents per share) Earnings per share Basic (cents per share) Diluted (cents per share)

2.2 2.2

(1.94) (1.94)

1.39 1.39

— —

1 The comparative consolidated statement of profit or loss and other comprehensive income has been restated to reflect the retrospective application of AASB 17 Insurance Contracts. To be read in conjunction with the accompanying Notes.

ClearView Annual Report 2024