Ress Life Investments A/S publishes performance and portfolio data for 2019

January 31, 2020
Published: 2020-01-31 17:15 CET
Ress Life Investments A/S
Holbergsgade 14, 2 tv
DK-1057 Copenhagen K
Denmark
CVR nr. 33593163
www.resslifeinvestments.comTo: Nasdaq Copenhagen
Date: 31 January 2020

Corporate Announcement 07/2020

Ress Life Investment A/S publishes performance and portfolio data for 2019

Ress Life Investment 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 7 366 072 42

 

As per 31 December 2019, the number of life insurance policies owned is 265. The total face value of the portfolio is 578 million USD. Actual total number of maturities in the portfolio was 37, while the expected number was 31.7.

Performance 2019-12-31 2019
Realised (Maturities & sold policies) 5.92%
Aging effect 2.72%
Mtm-adjustment (Change in discount rates) 3.74%
Life Expectancy Updates 0.31%
Premium prepayments -0.14%
Premium optimization -0.40%
COI increases -0.60%
Gross portfolio performance 11.55%
Investment factor effect -1.03%
Net portfolio performance 10.52%
Fund costs -2.80%
Other 0.27%
Net Fund Performance 7.99%

 

Portfolio composition as of 2019-12-31

Top 10 Carriers Weight % of portfolio value
John Hancock Life Insurance Company USA 12.3%
Lincoln National Life Insurance Company 10.6%
Transamerica Life Insurance Company 9.2%
C.M. Life Insurance Company 5.3%
Protective Life Insurance Company 5.3%
Brighthouse Life Insurance Company 5.3%
AXA Equitable Life Insurance Company 4.6%
Hartford Life And Annuity Insurance Company 4.0%
Pacific Life Insurance Company 3.3%
United of Omaha Life Insurance Company 3.2%
Carrier Rating Weight % of face value
A++ 7.2%
A+ 63.5%
A 24.4%
A- 3.3%
B+ 1.3%
B- 0.3%
Top 10 States Weight % of face value  
CA 16.0%
NY 13.1%
FL 11.6%
PA 11.5%
IL 4.5%
TX 4.3%
AZ 4.1%
OH 3.4%
NV 3.3%
MO 3.2%

 

Face Group Weight % of face value 
100,000-250,000 0.1%
250,000-500,000 4.1%
500,001-1,000,000 12.0%
1,000,001-2,000,000 16.7%
2,000,001-3,000,000 9.3%
3,000,001-5,000,000 27.6%
5,000,001-10,000,000 26.2%
10,000,001-15,000,000 4.1%
Age Group Weight % of face value
< 65 3.3%
65 – 69 10.5%
70 – 74 15.1%
75 – 79 19.4%
80 – 84 29.1%
85 – 89 16.5%
90 < 6.0%
Gender Weight % of face value
Female 19.2%
Male 68.8%
Joint 12.0%

Ress Life Investments AS – Company Announcement 07-2020