NobleOak Life Says Increased General Provision Unlikely to Impact Fiscal Year 2026 Underlying NPAT

MT Newswires Live

01/16

NobleOak Life (ASX:NOL) said its increase in general provision to AU$6.5 million as at Dec. 31, 2025, from AU$2.3 million as at June 30, 2025, is unlikely to impact its in-force premium growth or underlying net profit after tax for fiscal year 2026, according to a Friday filing with the Australian bourse.

In November 2025, the company said it expects its underlying net profit after tax to grow by over 10% for the fiscal year.

The company increased the provision after assessing the potential impact of stamp duty reforms in Victoria, the filing said.

It is seeking engagement with Victoria's State Revenue Office and the Victorian Department of Treasury and Finance to clarify the implications for relevant insurance premiums collected on or after Jan.1, 2025, the filing added.

Shares of the company rose 2% in recent Friday trade.

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