ClearView Wealth Limited is poised for a stable outlook, following its strategic pivot towards core life insurance operations and a focus on boosting profitability, according to Fitch Ratings.
The company’s decision to exit non-core operations, particularly its wealth management business, is expected to streamline its efforts and pave the way for long-term financial growth.
Despite a net loss of $7.88 million (AU$12.5 million) for the 2024 fiscal year (FY 2024), largely due to a $12.29 million (AU$19.5 million) loss from discontinued operations, ClearView is optimistic about its future performance. The company’s fortunes rebounded in the first half of 2025 (H1 2025), posting a net profit of $10.02 million (AU$15.9 million). This improvement was driven by reduced losses from discontinued operations and a stabilization of claims following an early surge in Q1 2025.
Looking ahead, ClearView expects its life insurance margins to improve, partly due to the repricing of its life insurance portfolio, which incorporates updated reinsurance costs and revised actuarial assumptions. In H1 2025, in-force premiums saw an 8% year-on-year increase, although new business declined by 7%, following robust growth in FY 2024.
The company also anticipates further operational efficiencies as it transitions to a new technology platform, which is expected to drive cost savings and improve performance.
ClearView continues to expand its presence in the retail life insurance market, accounting for around 2% of total sector assets by the end of 2024. Fitch expects that the company’s sharpened focus and its technology-driven approach will strengthen its financial position in the medium term.
Note: $1.00 = AU$1.60
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