LifeStar Holding plc - Full-Year Results

On 9 July 2024, LifeStar Holding plc published its Annual Report and Financial Statements for the year ended 31 December 2023. The financial statements for 2022 were restated, principally to reflect changes in the reporting standard from IFRS 4 to IFRS 17 ‘Insurance Contracts’ which became effective for the period starting 1 January 2023.

Performance Overview

LifeStar Health Limited recorded a profit before tax of €0.5 million (2022: €0.4 million).

Global Capital Financial Management Limited registered a profit before tax of €0.15 million (2022: loss of €0.02 million).

Furthermore, the financial performance of the Group was boosted by the results of LifeStar Insurance plc.

Overall, LifeStar Holding generated a pre-tax profit of €1.2 million (2022, restated: loss of €4.7 million). The net profit amounted to €0.65 million.

In terms of financial position, the total assets as at the end of 2023 amounted to €141 million whilst total liabilities totalled €124 million. Meanwhile, shareholders’ funds amounted to €10.8 million, translating to a net asset value per share of €0.450.