Ress Life Investments A/S: Ress Life Investments A/S publishes performance and portfolio data for 2021
Ress Life Investments A/S
Holbergsgade 14, 2 tv
DK-1057 Copenhagen K
Denmark
CVR nr. 33593163
resslifeinvestments.com
To: Nasdaq Copenhagen
Date: 25 January 2022
Corporate Announcement 03/2022
Ress Life Investments A/S publishes performance and portfolio data for 2021
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 2021, the number of life insurance policies owned is 406. The total face value of the portfolio is 1 070 million USD. Actual total number of maturities in the portfolio was 66, while the expected number was 61.0.
| Performance 2020-12-31 | 2021 |
| Realised (Maturities & sold policies) | 7.36% |
| Aging effect | 2.36% |
| Mtm-adjustment (Change in discount rates) | 0.11% |
| Life Expectancy Updates | 0.00% |
| Premium prepayments | -0.16% |
| Premium optimization | -0.60% |
| Gross portfolio performance | 9.06% |
| Investment factor effect | -0.84% |
| Net portfolio performance | 8.22% |
| Fund costs | -2.92% |
| Net Fund Performance | 5.30% |
Portfolio composition as of 2021-12-31
| Top 10 Carriers | Weight % of portfolio value |
| Lincoln National Life Insurance Company | 18.2% |
| John Hancock Life Insurance Company USA | 14.9% |
| Transamerica Life Insurance Company | 7.8% |
| Brighthouse Life Insurance Company | 6.7% |
| C.M. Life Insurance Company | 4.2% |
| Equitable Life Insurance Company | 4.1% |
| Talcott Resolution Life and Annuity Insurance Company | 3.9% |
| Protective Life Insurance Company | 3.5% |
| American General Life Insurance Company | 3.2% |
| Pacific Life Insurance Company | 2.9% |
| Carrier Rating | Weight % of face value |
| A++ | 7.7% |
| A+ | 56.6% |
| A | 27.4% |
| A- | 1.8% |
| B++ | 4.8% |
| B+ | 0.0% |
| B | 0.8% |
| B- | 0.0% |
| C++ | 0.9% |
| Top 10 States | Weight % of face value |
| FL | 12.0% |
| CA | 11.4% |
| NY | 9.1% |
| OH | 6.5% |
| AZ | 6.0% |
| PA | 5.9% |
| TX | 5.3% |
| IL | 4.1% |
| MO | 3.5% |
| GA | 3.5% |
| Face Group | Weight % of face value |
| 100,000-250,000 | 0.1% |
| 250,001-500,000 | 2.6% |
| 500,001-1,000,000 | 10.1% |
| 1,000,001-2,000,000 | 12.4% |
| 2,000,001-3,000,000 | 10.5% |
| 3,000,001-5,000,000 | 25.2% |
| 5,000,001-10,000,000 | 29.6% |
| 10,000,001-15,000,000 | 6.0% |
| 15,000,001- | 3.4% |
| Age Group | Weight % of face value |
| < 65 | 8.0% |
| 65 – 69 | 11.9% |
| 70 – 74 | 18.8% |
| 75 – 79 | 20.2% |
| 80 – 84 | 17.0% |
| 85 – 89 | 13.3% |
| 90 – 94 | 7.6% |
| 95 < | 3.3% |
| Gender | Weight % of face value |
| Female | 20.3% |
| Male | 64.2% |
| Joint | 15.5% |
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.
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