Risk-off turn dents Coronation’s closing assets
The company said its closing assets dipped by 2% at the end of March even as average AUM rose by 15% over the half-year.
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Coronation grows AUM 14% as outperformance trumps local headwinds
The asset manager lifted revenue by 10%, but headline EPS declined year-on-year once the prior period’s R561m SARS tax recovery fell away.
Santam’s GWP up 10% as international business surges by 25%
For the six months to June, Santam reports net income growth of 19%, with a underwriting margin of 11.3% – well above its target range.
Santam reports 34% net income growth despite rising weather-related claims
The group attributed the turnaround in motor insurance to managing claims inflation and improving risk selection, resulting in a significant reduction in claims frequency.
