Ress Life Investments A/S: Half-Year Highlights and Outlook
The Board of Directors and Management of Ress Life Investments A/S met to review and formally approve the Half-Year Report for the period from January 1 to June 30, 2024. The report summarizes how the business performed over the half-year and sets out management’s view on the path ahead.
Key Results at a Glance
For the reporting period, the company delivered a net profit of USD 10,822,544. This figure is both before and after tax and corresponds to a return on equity of 3.1%. Earnings per share came in at USD 63.16. In the same period, net asset value per share increased by USD 75.10.
What Drove Profit
Profit was primarily supported by policy maturities and the aging effect within the portfolio. Together, these effects contributed meaningfully to returns and reflect disciplined portfolio management throughout the half-year.
Valuation of Investment Assets
As of June 30, the fair value of the Group’s investment assets declined from USD 361,857,184 at the end of the previous year to USD 338,879,565. The change was mainly driven by redemptions. Movements of this kind are important to track, as they inform both market context and the pacing of the investment strategy.
Equity and Share Activity
Equity as of June 30 totaled USD 344,416,069. This corresponds to a net asset value of USD 2,512 per share, up from USD 2,437 at the end of December of the previous year. During the period, the company issued 1,721 new ordinary shares, underscoring continued growth efforts and responsiveness to investor demand.
Outlook
While growth in the Fund’s assets under management has faced headwinds, management maintains a constructive view. The life settlements market is expected to offer attractive, diversified returns over the medium term. The Group’s target net return remains 7.0% in USD per annum, reflecting confidence that yields from the underlying assets can support this objective.
Management’s Perspective
Management reiterates that achieving these targets requires careful navigation of broader economic conditions. External macroeconomic factors may influence actual outcomes, and results could differ from earlier expectations; staying alert to these dynamics remains a priority.
Contact
For questions about the Half-Year Report, please contact Resscapital AB, the Group’s AIF-manager: reach Gustaf Hagerud at (+46) 8 545 282 27. You can also contact the Group’s Chairman, Søren Andersen, via email.
Frequently Asked Questions
What net profit did the company report for the first half of 2024?
Ress Life Investments A/S reported a net profit of USD 10,822,544 for the period January 1 to June 30, 2024.
How did net asset value per share change during the period?
Net asset value per share increased by USD 75.10 during the half-year, rising to USD 2,512 per share as of June 30.
How many new shares were issued?
The company issued 1,721 new ordinary shares between January 1 and June 30, 2024.
What is the Group’s current return target?
The Group targets a net return of 7.0% per annum in USD.
Who should I contact for more information?
Please contact Gustaf Hagerud at Resscapital AB at (+46) 8 545 282 27, or email Søren Andersen, the Group’s Chairman.
