UK markets closed
  • FTSE 100

    6,483.43
    -168.53 (-2.53%)
     
  • FTSE 250

    20,910.37
    -287.75 (-1.36%)
     
  • AIM

    1,183.25
    -8.61 (-0.72%)
     
  • GBP/EUR

    1.1537
    +0.0039 (+0.34%)
     
  • GBP/USD

    1.3921
    -0.0091 (-0.65%)
     
  • BTC-GBP

    34,054.86
    +687.16 (+2.06%)
     
  • CMC Crypto 200

    912.88
    -20.25 (-2.17%)
     
  • S&P 500

    3,811.15
    -18.19 (-0.48%)
     
  • DOW

    30,932.37
    -469.64 (-1.50%)
     
  • CRUDE OIL

    61.66
    -1.87 (-2.94%)
     
  • GOLD FUTURES

    1,733.00
    -42.40 (-2.39%)
     
  • NIKKEI 225

    28,966.01
    -1,202.26 (-3.99%)
     
  • HANG SENG

    28,980.21
    -1,093.96 (-3.64%)
     
  • DAX

    13,786.29
    -93.04 (-0.67%)
     
  • CAC 40

    5,703.22
    -80.67 (-1.39%)
     

Ress Life Investments A/S: Ress Life Investments A/S publishes performance and portfolio data for 2020

Ress Life Investments A/S
·3-min read

Ress Life Investments A/S
Holbergsgade 14, 2 tv
DK-1057 Copenhagen K
Denmark
CVR nr. 33593163
resslifeinvestments.com
To: Nasdaq Copenhagen
Date: 28 January 2021

Corporate Announcement 04/2021

Ress Life Investments A/S publishes performance and portfolio data for 2020

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


As per 31 December 2020, the number of life insurance policies owned is 350. The total face value of the portfolio is 915 million USD. Actual total number of maturities in the portfolio was 51, while the expected number was 45.1.

Performance 2020-12-31

2020

Realised (Maturities & sold policies)

11.53%

Aging effect

2.08%

Mtm-adjustment (Change in discount rates)

-1.30%

Life Expectancy Updates

-0.07%

Premium prepayments

-0.15%

Premium optimization

-0.21%

Gross portfolio performance

11.89%

Investment factor effect

-1.54%

Net portfolio performance

10.35%

Fund costs

-3.14%

Net Fund Performance

7.21%


Portfolio composition as of 2020-12-31

Top 10 Carriers

Weight % of portfolio value

Lincoln National Life Insurance Company

14.3%

John Hancock Life Insurance Company USA

13.7%

Transamerica Life Insurance Company

8.9%

Brighthouse Life Insurance Company

7.5%

Talcott Resolution Life and Annuity Insurance Company

4.6%

Protective Life Insurance Company

4.5%

Equitable Life Insurance Company

4.2%

C.M. Life Insurance Company

4.0%

Pacific Life Insurance Company

2.8%

American General Life Insurance Company

2.4%


Carrier Rating

Weight % of face value

A++

8.0%

A+

55.4%

A

27.0%

A-

2.2%

B++

5.6%

B+

0.0%

B

1.0%

B-

0.0%

C++

0.8%


Top 10 States

Weight % of face value

CA

12.7%

FL

11.8%

NY

9.7%

PA

7.4%

TX

5.7%

AZ

4.9%

OH

4.7%

IL

4.6%

MO

4.1%

NJ

3.4%




Face Group

Weight % of face value

100,000-250,000

0.1%

250,001-500,000

2.9%

500,001-1,000,000

8.6%

1,000,001-2,000,000

14.4%

2,000,001-3,000,000

10.8%

3,000,001-5,000,000

26.7%

5,000,001-10,000,000

27.3%

10,000,001-15,000,000

5.2%

15,000,001-

4.0%


Age Group

Weight % of face value

< 65

7.0%

65 – 69

11.6%

70 – 74

19.4%

75 – 79

17.7%

80 – 84

25.5%

85 – 89

12.2%

90 – 94

6.0%

95 <

0.5%


Gender

Weight % of face value

Female

20.7%

Male

65.5%

Joint

13.8%

DISCLAIMER This information does not constitute or form part of either an invitation, offer or recommendation. Neither Resscapital nor any of their respective directors, officers, employees or any other person makes any promise as to the fairness, accuracy or completeness of this information, or of any other information or opinions, whether written or oral, that have been prepared or furnished by Resscapital. Without prejudice to the foregoing, neither Resscapital, nor any of their respective directors, officers, employees or advisers nor any other person shall be liable for any loss or damage (whether direct, indirect or consequential) suffered by any person as a result of relying on any statement in or omission from this information. The information should not be construed as legal, financial, accounting, tax or other advice.

Attachment