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Ress Life Investments A/S
Holbergsgade 14, 2 tv
DK-1057 Copenhagen K
Denmark
CVR nr. 33593163
resslifeinvestments.com
To: Nasdaq Copenhagen
Date: 19 January 2018
Corporate Announcement 03/2018
Ress Life Investments A/S publishes performance and portfolio data for 2017
Ress Life Investments A/S hereby publishes performance attribution and portfolio overview for the combined portfolio of Ress Uncorrelated Assets Fund and Ress Life Investments 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:
Jonas Mårtenson
jonas.martenson@resscapital.com
Tel + 46 8545282 09
| Performance 2017-12-29 |
2017 |
| Realised (Maturities & sold policies) |
8.48% |
| Aging effect |
3.49% |
| Mtm-adjustment (Change in discount rates) |
-1.02% |
| |
|
| Life Expectancy Updates |
0.01% |
| Premium prepayments |
-0.23% |
| Premium optimization |
0.57% |
| COI increases |
-0.38% |
| Gross portfolio performance |
10.92% |
| Investment factor effect |
-0.34% |
| Net portfolio performance |
10.58% |
| Master fund costs |
-2.90% |
| RLI costs |
-0.95% |
| FX |
-0.01% |
| Interest |
0.01% |
| Other |
0.04% |
| Net Fund Performance |
6.77% |
The number of actual maturities in the portfolio was 24 per 2017-12-29, while the expected number was 20.32 per 2017-12-29.
Below will follow the portfolio composition as of 2017-12-29.
| Top 10 Carriers |
Number of Policies |
Weight% |
| John Hancock Life Insurance Company USA |
21 |
14.0% |
| AXA Equitable Life Insurance Company |
20 |
8.5% |
| Lincoln National Life Insurance Company |
20 |
7.7% |
| Brighthouse Life Insurance Company |
12 |
7.2% |
| Transamerica Life Insurance Company |
14 |
5.7% |
| Protective Life Insurance Company |
12 |
4.9% |
| United Of Omaha Life Insurance Company |
4 |
3.9% |
| C.M. Life Insurance Company |
4 |
3.8% |
| Security Life Of Denver Insurance Company |
6 |
3.7% |
| Pacific Life Insurance Company |
7 |
3.7% |
| Carrier Rating |
Weight% |
| A++ |
6.2% |
| A+ |
54.2% |
| A |
27.5% |
| A- |
9.9% |
| B++ |
1.8% |
| B |
0.4% |
| Top 5 States |
Weight% |
| CA |
17.2% |
| FL |
16.0% |
| NY |
11.5% |
| TX |
4.9% |
| IL |
3.9% |
| Face Group |
Weight% |
| 250,000-500,000 |
4.4% |
| 500,001-1,000,000 |
11.7% |
| 1,000,001-2,000,000 |
22.0% |
| 2,000,001-3,000,000 |
9.7% |
| 3,000,001-5,000,000 |
27.3% |
| 5,000,001-10,000,000 |
19.5% |
| 10,000,001-15,000,000 |
5.6% |
| Age Group |
Weight% |
| <65 |
2.4% |
| 65-69 |
2.4% |
| 70-74 |
19.6% |
| 75-79 |
34.0% |
| 80-84 |
22.9% |
| 85-89 |
17.5% |
| 90-94 |
1.1% |
| Gender |
Weight% |
| Female |
24.8% |
| Male |
75.2% |
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