Ress Life Investments A/SHolbergsgade 14, 2 tvDK-1057 Copenhagen KDenmarkCVR nr. 33593163resslifeinvestments.comTo: Nasdaq CopenhagenDate: 25 January 2022 Corporate Announcement 03/2022 Ress Life Investments A/S publishes performance and portfolio data for 2021 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 Hagerudgustaf.hagerud@resscapital.comTel + 46 8 545 282 09 As per 31 December 2021, the number of life insurance policies owned is 406. The total face value of the portfolio is 1 070 million USD. Actual total number of maturities in the portfolio was 66, while the expected number was 61.0. Performance 2020-12-31 2021 Realised (Maturities & sold policies) 7.36% Aging effect 2.36% Mtm-adjustment (Change in discount rates) 0.11% Life Expectancy Updates 0.00% Premium prepayments -0.16% Premium optimization -0.60% Gross portfolio performance 9.06% Investment factor effect -0.84% Net portfolio performance 8.22% Fund costs -2.92% Net Fund Performance 5.30% Portfolio composition as of 2021-12-31 Top 10 Carriers Weight % of portfolio value Lincoln National Life Insurance Company 18.2% John Hancock Life Insurance Company USA 14.9% Transamerica Life Insurance Company 7.8% Brighthouse Life Insurance Company 6.7% C.M. Life Insurance Company 4.2% Equitable Life Insurance Company 4.1% Talcott Resolution Life and Annuity Insurance Company 3.9% Protective Life Insurance Company 3.5% American General Life Insurance Company 3.2% Pacific Life Insurance Company 2.9% Carrier Rating Weight % of face value A++ 7.7% A+ 56.6% A 27.4% A- 1.8% B++ 4.8% B+ 0.0% B 0.8% B- 0.0% C++ 0.9% Top 10 States Weight % of face value FL 12.0% CA 11.4% NY 9.1% OH 6.5% AZ 6.0% PA 5.9% TX 5.3% IL 4.1% MO 3.5% GA 3.5% Face Group Weight % of face value 100,000-250,000 0.1% 250,001-500,000 2.6% 500,001-1,000,000 10.1% 1,000,001-2,000,000 12.4% 2,000,001-3,000,000 10.5% 3,000,001-5,000,000 25.2% 5,000,001-10,000,000 29.6% 10,000,001-15,000,000 6.0% 15,000,001- 3.4% Age Group Weight % of face value < 65 8.0% 65 – 69 11.9% 70 – 74 18.8% 75 – 79 20.2% 80 – 84 17.0% 85 – 89 13.3% 90 – 94 7.6% 95 < 3.3% Gender Weight % of face value Female 20.3% Male 64.2% Joint 15.5% DISCLAIMER This information does not constitute or form part of either an invitation, offer or recommendation. Neither Resscapital nor any of their respective directors, officers, employees or any other person makes any promise as to the fairness, accuracy or completeness of this information, or of any other information or opinions, whether written or oral, that have been prepared or furnished by Resscapital. Without prejudice to the foregoing, neither Resscapital, nor any of their respective directors, officers, employees or advisers nor any other person shall be liable for any loss or damage (whether direct, indirect or consequential) suffered by any person as a result of relying on any statement in or omission from this information. The information should not be construed as legal, financial, accounting, tax or other advice.
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Ress Life Investments AS - Company Announcement 03-2022
