On 30 April 2025, LifeStar Holding plc published its Annual Report and Financial Statements for the financial year ended 31 December 2024. The financial statements for 2023 were restated to correct for a prior period error in accordance with IAS 8.
The Group’s largely reflect the performance of its largest subsidiary LifeStar Insurance plc.
The financial statements of LifeStar Holding provide a segmental analysis which shows that investment and advisory services generated an operating loss of €0.15 million, the business of insurance segment registered an operating loss of €0.54 million, agency services generated an operating profit of €0.38 million, and property services registered an operating loss of €0.58 million. After accounting for eliminations of €0.42 million and other expenses of €0.45 million, LifeStar Holding registered a pre-tax loss of €0.91 million (2023: loss of €0.04 million). After accounting for a tax credit of €0.31 million and a loss attributable to non-controlling interest of €0.16 million, LifeStar Holding reported a loss attributable to shareholders of €0.44 million (2023: loss of €0.24 million).
In terms of financial position, the total assets as at the end of 2024 amounted to €152 million whilst total liabilities totalled €136 million. Meanwhile, shareholders’ funds amounted to €9.78 million, which translates into a net asset value of €0.406 per share.