ClearView posts strong results for 2H25

In its full-year results announcement, the life insurer reported group underlying net profit after tax (NPAT) of $32.2 million, with its gross claims ratio and experience normalising from Q2 onwards, despite experiencing claims volatility in Q1.

Other results included a 10 per cent rise in gross premiums (overall $393.7 million), in-force premiums also grew 10 per cent ($412.9 million), with ClearChoice premiums up 52 per cent to $112 million. Clearview’s surplus capital position also grew by 8 per cent, reporting a total of $29.2 million.

The insurer also reported that its new business market share remains “steady”, with an in-force market share of 3.9 per cent.

ClearView’s life insurance underlying NPAT margin has also shown some recovery, sitting at 11.1 per cent, but still down 0.1 per cent.

“The FY25 result reflects a focused and disciplined delivery of strategic initiatives that sets up the life insurance business for future growth acceleration, notwithstanding the short-term impacts from the adverse 1Q25 claims experience,” ClearView said in its results announcement.

“ClearView completed the exit of its wealth management business, delivering on its strategic simplification, as well as progressing its technology transformation which is due to complete in 1H26.”

ClearView also shared its outlook and guidance for FY2025–26. It has estimated that gross premium income will be around $435 million to $440 million, with its life insurance underlying NPAT margin to sit between 11 per cent to 12 per cent.

For FY25–26, the firm stated its dividend policy will remain unchanged, stating “the total impact of any capital management initiatives in particular year should not exceed the dividend target payout ratio”.

Additional performance highlights that ClearView emphasised included leveraging technology investment that set them “up for multi-channel expansion and accelerated growth,” such as a modern front end experience.

“ClearView is committed to completing the transformation and migration to its core insurance platform in the first half of FY26,” ClearView managing director Nadine Gooderick said.

“We have also commenced the delivery of an integrated front end digital experience which will enable expansion of our offerings and channels, driving accelerated growth as a technology-led pure play life insurer.”

She added: “In parallel with our strategic simplification and transformation, we have maintained our market share and grown our in-force book of business, by targeting quality, sustainable growth and striving to provide a superior customer and adviser experience.”