Half-year Financial Report

Life Settlement Assets PLC

22 September 2026

 

Life Settlement Assets PLC: Half Year Results

22 September 2026

Life Settlement Assets PLC

(the "Company" or "LSA")

Results for the Half Year ended 30 June 2026

LSA, a closed-ended investment trust company which invests in, and manages, portfolios of whole interests in life settlement policies issued by life insurance companies operating predominantly in the United States, is pleased to announce its results for the Half Year ended 30 June 2026.

The highlights of the period were as follows:

Net Asset Value

· USD 96.2 million, representing USD 2.30 per share.

Maturities

· Maturities totalling USD 5.7 million were declared - of these, USD 1.5 million were non-HIV policies, and USD 4.2 million were HIV policies.

Costs

· Ongoing charges ratio excluding policy servicing fees and legal costs of 2.9% of NAV.

· Ongoing focus on management of costs.

Share buybacks

·  Recommencement of share buyback programme with 2,396,966 shares bought back and cancelled in the period at a total cost of USD 4,193,339 and a further 100,000 shares since the period end.

·  Total of 8,180,281 shares repurchased since the beginning of the share buyback programme in June 2024 representing 16.4% of the share capital on 1 January 2024.

Dividends

·  Special dividend of 6.7960 cents per share, totalling USD 3.0 million, paid on 14 April 2026 to Shareholders on the register as at 20 March 2026.

Michael Baines, Chairman, commented:

The Board remains focused on active monitoring of portfolio performance, accurately assessing mortality risk and managing its cost base against a background of inflationary pressures.

In this regard, and as part of its ongoing review of governance, the Board has completed the renegotiation of Acheron Portfolio Trust's trust deeds and is commencing discussions with another service provider to optimise terms.

The Directors are pleased to attach the Company's results for the Half Year ended 30 June 2026.

Click on the following link, or paste it into your web browser, to view the associated PDF document:

http://www.rns-pdf.londonstockexchange.com/rns/6695V_1-2026-9-21.pdf

The results for the half year ended 30 June 2026 may also be downloaded from the Company's website at

https://www.lsaplc.com/investor-relations/annual-reports/

For further information contact:

Acheron Capital Limited (Investment Manager)

Jean-Michel Paul

020 7258 5990

Cavendish Capital Markets Limited (Corporate Broker)

Robert Peel / Andrew Worne

020 7908 6000

ISCA Administration Services Limited (Company Secretary)

Tel: [phone]

DISCLAIMER

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

Notes to Editors

Life Settlement Assets PLC is a closed-ended investment trust company which invests in, and manages, portfolios of whole interests in life settlement policies issued by life insurance companies operating predominantly in the United States. The Company seeks to generate long-term returns for investors by investing in the life settlement market. The Company aims to manage its investment in portfolios of life settlement products so that the realised value of the policy maturities exceeds the aggregate cost of acquiring the policies, ongoing premiums, management fees and other operational costs.

 

END