Ress Life Investments A/S
Inside information
Ress Life Investments A/S
Holbergsgade 14, 2 tv
DK-1057 Copenhagen K
Denmark
CVR nr. 33593163
resslifeinvestments.com
To: Nasdaq Copenhagen
Date: 24 January 2019
Corporate Announcement 03/2019
Ress Life Investments A/S publishes performance and portfolio data for 2018
Ress Life Investments A/S hereby publishes performance attribution and portfolio overview for the benefit of the company’s shareholders.
Questions related to this announcement can be made to the company’s AIF-manager, Resscapital AB.
Contact person:
Gustaf Hagerud
gustaf.hagerud@resscapital.com
Tel + 46 8545282 09
| Performance 2018-12-31 |
2018 |
| Realised (Maturities & sold policies) |
9.17% |
| Aging effect |
1.15% |
| Mtm-adjustment (Change in discount rates) |
3.03% |
| VBT Table update |
1.00% |
| Life Expectancy Updates |
-0.47% |
| Premium prepayments |
-0.37% |
| Premium optimization |
0.28% |
| COI increases |
-0.30% |
| Gross portfolio performance |
13.50% |
| Investment factor effect |
-0.85% |
| Net portfolio performance |
12.65% |
| Fund costs |
-3.11% |
| FX |
-0.01% |
| Interest |
0.05% |
| Other |
0.33% |
| Net Fund Performance |
9.91% |
The number of actual maturities in the portfolio was 32 per 2018-12-31, while the expected number was 24.03 per 2018-12-31. The portfolio has experienced 31.78 MUSD worth of maturity proceeds since inception.
Below will follow the portfolio composition as of 2018-12-31.
| Top 10 Carriers |
Number of Policies |
Weight% |
| John Hancock Life Insurance Company USA |
22 |
13.4% |
| Lincoln National Life Insurance Company |
24 |
10.6% |
| AXA Equitable Life Insurance Company |
19 |
7.7% |
| Brighthouse Life Insurance Company |
13 |
7.2% |
| Transamerica Life Insurance Company |
13 |
5.3% |
| Protective Life Insurance Company |
15 |
5.0% |
| Security Life Of Denver Insurance Company |
7 |
3.7% |
| United Of Omaha Life Insurance Company |
4 |
3.6% |
| C.M. Life Insurance Company |
4 |
3.5% |
| Pacific Life Insurance Company |
7 |
3.5% |
| Carrier Rating |
Weight% |
| A++ |
6.0% |
| A+ |
59.2% |
| A |
28.5% |
| A- |
4.2% |
| B+ |
1.7% |
| B- |
0.3% |
| Top 5 States |
Weight% |
| CA |
17.8% |
| FL |
15.4% |
| NY |
11.1% |
| PA |
9.4% |
| TX |
4.9% |
| Face Group |
Weight% |
| 100,000-500,000 |
4.1% |
| 500,001-1,000,000 |
12.1% |
| 1,000,001-2,000,000 |
20.6% |
| 2,000,001-3,000,000 |
10.8% |
| 3,000,001-5,000,000 |
25.3% |
| 5,000,001-10,000,000 |
21.8% |
| 10,000,001-15,000,000 |
5.2% |
| Age Group |
Weight% |
| <65 |
1.4% |
| 65-69 |
3.0% |
| 70-74 |
22.6% |
| 75-79 |
28.1% |
| 80-84 |
25.6% |
| 85-89 |
15.4% |
| 90-94 |
3.8% |
| Gender |
Weight% |
| Female |
25.7% |
| Male |
74.3% |
|
