ClearView gains stability with pivot to core life insurance

Its exit from non-core operations will streamline its focus toward profitability.

ClearView Wealth Limited is likely to maintain a stable outlook amidst its strategic shift toward core life insurance operations and expectations of improved profitability, Fitch Ratings said.

The company's exit from non-core operations, notably the wealth management business, is expected to streamline its focus and support long-term profitability.

The sale of the wealth business contributed to a net loss of $7.88m (AU$12.5m) for fiscal year 2024 (FY 2024), driven by a $12.29m (AU$19.5m) loss from discontinued operations.

However, performance rebounded in first half of 2025 (H1 2025) with a net profit of $10.02m (AU$15.9m), following a reduction in losses from discontinued operations and normalisation of claims after an early spike in first quarter 2025 (Q1 2025).

ClearView anticipates improved margins following the repricing of its life insurance portfolio, which reflects updated reinsurance costs and actuarial assumptions.

In-force premiums rose 8% year-on-year in H1 2025, whilst new business declined by 7%, following significant growth in FY 2024.

The company also expects operational efficiencies to improve with its migration to a new technology platform.

ClearView continues to gain share in the retail life insurance segment, accounting for approximately 2% of total sector assets at the end of 2024.

Fitch expects the company’s narrower focus and technology-driven efficiencies to support its financial profile over the medium term.

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