ClearView Wealth (ASX:CVW) disclosed a robust financial performance for the first half of the 2026 financial year, underpinned by its "disciplined strategic simplification and transformation" program.
The specialist life insurer reported a 59% increase in life insurance underlying net profit after tax, reaching $24.1 million.
The growth was supported by an improved underlying NPAT margin of 11.2%, up 3.2 percentage points, which now sits comfortably within the company’s target range.
Group underlying NPAT surged 77% to $22.1 million, while underlying earnings per share rose by 84% to 3.5 cents.
The figures reflect a period of sustained revenue momentum, with gross premium income climbing 13% to $215.6 million and in-force premiums reaching $436 million.
The ClearChoice product line saw a 45% jump in in-force premiums.
Operational efficiency also improved, with the cost-to-income ratio dropping by 1.7% to 17.9%.
The company transitioned to a single cloud-based insurance platform, effectively reducing systemic complexity and duplication.
New business sales grew by 29% to $21 million, maintaining a steady market share between 10% and 11%.
At the time of reporting, ClearView Wealth's share price was $0.62.