** Shares of life insurer NobleOak NOL.AX rise as much as 11.5%, their highest one-day pct gain since May 2023, to A$1.65
** Co's first-half in-force premium rises 20% to A$422.9 million ($263.55 million); underlying NPAT jumps 11%
** Co's earnings gain on improved margins driven by conservative risk retention strategy and portfolio mix
** Shares up 1.3% this year
($1 = 1.6046 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
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