Ress Life Investments A/S

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

• Ress Life Investments AS - Company Announcement 04-2021