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 8 545 282 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% |
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