Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Nobleoak Life's retained earnings for the quarter that ended in Dec. 2025 was A$-12.6 Mil.
Nobleoak Life's quarterly retained earnings
declined
from Dec. 2024 (A$-17.8 Mil) to Jun. 2025 (A$-19.0 Mil) but then
increased
from Jun. 2025 (A$-19.0 Mil) to Dec. 2025 (A$-12.6 Mil).
Nobleoak Life's annual retained earnings
declined
from Jun. 2023 (A$22.8 Mil) to Jun. 2024 (A$-26.1 Mil) but then
increased
from Jun. 2024 (A$-26.1 Mil) to Jun. 2025 (A$-19.0 Mil).
Nobleoak Life (ASX:NOL) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Nobleoak Life Retained Earnings Historical Data
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The historical data trend for Nobleoak Life's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of A$-12.6 Mil mean?
Nobleoak Life (ASX:NOL) has a Retained Earnings of A$-12.6 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Nobleoak Life and its competitors.
Is Nobleoak Life's Retained Earnings too high?
Nobleoak Life's current Retained Earnings is A$-12.6 Mil. Overall, Nobleoak Life has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nobleoak Life's Retained Earnings compare to AFL and MET?
Nobleoak Life's Retained Earnings of A$-12.6 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Insurance company?
A good Retained Earnings depends on the Insurance industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Nobleoak Life and its competitors. Nobleoak Life's current Retained Earnings is A$-12.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nobleoak Life stock overvalued right now?
Based on GuruFocus' analysis, Nobleoak Life (ASX:NOL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$1.76, compared to a current price of A$1.20 — trading 32.1% below its estimated fair value. The current Retained Earnings is A$-12.6 Mil. Nobleoak Life's overall GF Score™ is 53/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Nobleoak Life (ASX:NOL), the current Retained Earnings is A$-12.6 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nobleoak Life (ASX:NOL) Overvalued in 2026?
Based on GuruFocus' analysis, Nobleoak Life stock appears to be undervalued.
The current stock price of A$1.20 is trading 32.1% below its estimated GF Value™ of A$1.76.
GuruFocus considers Nobleoak Life to be Significantly Undervalued.
Key valuation signals for ASX:NOL:
Retained Earnings: A$-12.6 Mil
GF Value™: A$1.76 vs. price of A$1.20 (32.1% below fair value)
No single metric tells the full story. See the ASX:NOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nobleoak Life Ltd is involved in the manufacture and distribution of Life Insurance products (including death, total and permanent disability, trauma, income protection and business expenses insurance) through both its Direct and Strategic Partner (Advised) channels. The company's segments include Direct Business, Strategic Partnerships, and Genus. It generates maximum revenue from the Direct segment.
53GF Score
Get the complete analysis for ASX:NOL
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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