Ress Life Investments A/S
Holbergsgade 14, 2 tv
DK-1057 Copenhagen K
Denmark
CVR nr. 33593163
resslifeinvestments.com
To: Nasdaq Copenhagen
Date: 30 October 2018
Corporate Announcement 37/2018
Ress Life Investments A/S publishes performance and portfolio data for Q1- Q3 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 27
The table below shows the estimated performance attribution for Q1 through Q3 2018. The breakdown shows the sum of monthly contributions and will not match the actual attribution to 100%.
| Performance as of 2018-09-28 in USD | 2018 YTD |
| Realised (Maturities & sold policies) | 9.00% |
| Aging effect | 0.88% |
| Mtm-adjustment (Change in discount rates) | 0.80% |
| VBT Table update | 1.00% |
| Life Expectancy Updates | -0.08% |
| Premium prepayments | -0.10% |
| Premium optimization | 0.18% |
| COI increases | -0.12% |
| Gross portfolio performance | 11.56% |
| Investment factor effect | -0.12% |
| Net portfolio performance | 11.44% |
| Fund costs | -2.60% |
| FX | 0.01% |
| Interest | 0.01% |
| Other | 0.01% |
| Net Fund Performance | 8.87% |
As per 28 September 2018, the number of life insurance policies in the portfolio was 212 and the total face value was approximately 450 million US dollars. The number of actual maturities in the portfolio was 30, while the expected number was 22.8 maturities. The amount of accumulated policy pay-outs in the portfolio was 31.03 million US dollars since inception.
Below will follow the portfolio composition as of 2018-09-28
| Top 10 Carriers | Number of Policies | Weight% |
| John Hancock Life Insurance Company USA | 22 | 13.6% |
| Lincoln National Life Insurance Company | 22 | 9.7% |
| AXA Equitable Life Insurance Company | 19 | 7.9% |
| Brighthouse Life Insurance Company | 13 | 7.3% |
| Transamerica Life Insurance Company | 15 | 5.6% |
| Protective Life Insurance Company | 13 | 4.8% |
| Security Life Of Denver Insurance Company | 7 | 3.8% |
| United Of Omaha Life Insurance Company | 4 | 3.7% |
| C.M. Life Insurance Company | 4 | 3.6% |
| Pacific Life Insurance Company | 7 | 3.6% |
| Carrier Rating (A.M. Best) | Weight% |
| A++ | 6.1% |
| A+ | 55.3% |
| A | 29% |
| A- | 4.2% |
| B++ | 3.3% |
| B | 1.7% |
| B- | 0.3% |
| Top 5 States | Weight% |
| CA | 17.8% |
| FL | 15.7% |
| NY | 11.0% |
| PA | 9.6% |
| TX | 5.1% |
| Face Group | Weight% |
| 100,000-500,000 | 4.2% |
| 500,001-1,000,000 | 11.9% |
| 1,000,001-2,000,000 | 20.9% |
| 2,000,001-3,000,000 | 9.9% |
| 3,000,001-5,000,000 | 25.6% |
| 5,000,001-10,000,000 | 22.2% |
| 10,000,001-15,000,000 | 5.3% |
| Age Group | Weight% |
| <65 | 1.4% |
| 65-69 | 2.4% |
| 70-74 | 22.3% |
| 75-79 | 30.2% |
| 80-84 | 24.6% |
| 85-89 | 16.5% |
| >90 | 2.6% |
| Gender | Weight% |
| Female | 25.8% |
| Male | 74.2% |
