Old Mutual lifts earnings by 29% on strong markets and underwriting gains
Results from operations rose 16% to R4.94bn in the six months to June, boosted by a 71% surge in Old Mutual Insure’s contribution.
#interimresults
Sanlam’s new business up 7% as insurance and inflows offset flat life sales
The net result from financial services grew by 20% to about R8.08bn, with general insurance the standout in the six months to the end of June.
OUTsurance’s interim results: strong growth amid Irish losses and ESOP transition
Despite the wind-down of OUTsurance’s employee share ownership plan, CEO Marthinus Visser says the transition to a Customer Shareholding Plan will maintain employee motivation.
PSG delivers 28% earnings surge despite tough market conditions
The group reported a 15.9% increase in assets under management to R435bn.
Strong life insurance sales drive Sanlam’s 14% interim profit growth
Sanlam gained market share in individual underwritten life insurance, supported by strong single-premium growth and stable persistency in the affluent segment.
Sygnia grows assets under management despite net outflows doubling
Introducing prescribed assets for retirement funds won’t solve South Africa’s solvency problems, directors say.
Alexforbes’s interim results show 13% surge in operating income despite challenging economic environment
Alexforbes CEO Dawie de Villiers pledges further investment in core strengths for scale and efficiency considering robust interim results.
