Ress Life Investments A/S publishes performance and portfolio data Q1 2019.
Ress Life Investments A/S
Holbergsgade 14, 2 tv
DK-1057 Copenhagen K
Denmark
CVR nr. 33593163
www.resslifeinvestments.com
To: Nasdaq Copenhagen
Date: 17 April 2019
Corporate Announcement 15/2019
Ress Life Investments A/S publishes performance and portfolio data Q1 2019.
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 8 545 282 09
| Performance 2019-03-29 |
2019 YTD |
| Realised (Maturities & sold policies) |
0% |
| Aging effect |
0.68% |
| Mtm-adjustment (Change in discount rates) |
2.22% |
| Premium prepayments |
-0.055% |
| Premium optimization |
-0.185% |
| COI increases |
0% |
| Gross portfolio performance |
2.66% |
| Investment factor effect |
-0.47% |
| Net portfolio performance |
2.19% |
| Fund costs |
-0.56% |
| FX |
-0.01% |
| Net Fund Performance |
1.62% |
As per 31 March 2019, the number of life insurance policies owned is 220. The total face value of the portfolio is USD 475 million USD. Actual maturities in the portfolio was 32, while the expected number was 25.95.. The portfolio has experienced 31.78 MUSD worth of maturity proceeds since inception.
Portfolio composition as of 2019-03-29 in % of Face Value.
| Top 10 Carriers |
Number of Policies |
Weight% |
| John Hancock Life Insurance Company USA |
22 |
12.7% |
| Lincoln National Life Insurance Company |
24 |
10.1% |
| AXA Equitable Life Insurance Company |
19 |
7.4% |
| Brighthouse Life Insurance Company |
13 |
6.9% |
| Transamerica Life Insurance Company |
14 |
6.3% |
| Pacific Life Insurance Company |
8 |
5.4% |
| Protective Life Insurance Company |
15 |
4.7% |
| American General Life Insurance Company |
12 |
3.7% |
| Security Life Of Denver Insurance Company |
7 |
3.5% |
| United Of Omaha Life Insurance Company |
4 |
3.4% |
| Carrier Rating |
Weight% |
| A++ |
5.7% |
| A+ |
60.7% |
| A |
27.6% |
| A- |
4.0% |
| B+ |
1.6% |
| B- |
0.3% |
| Top 5 States |
Weight% |
| CA |
18.2% |
| FL |
14.7% |
| NY |
10.5% |
| PA |
9.0% |
| TX |
4.6% |
| Face Group |
Weight% |
| 100,000-500,000 |
3.9% |
| 500,001-1,000,000 |
11.5% |
| 1,000,001-2,000,000 |
19.6% |
| 2,000,001-3,000,000 |
10.8% |
| 3,000,001-5,000,000 |
25.1% |
| 5,000,001-10,000,000 |
24.1% |
| 10,000,001-15,000,000 |
5.0% |
| Age Group |
Weight% |
| <65 |
1.3% |
| 65-69 |
4.4% |
| 70-74 |
19.3% |
| 75-79 |
28.2% |
| 80-84 |
27.8% |
| 85-89 |
15.2% |
| 90-94 |
3.7% |
| Gender |
Weight% |
| Female |
28.9% |
| Male |
71.1% |
|
