The group’s strong performance momentum from 2023 continued into the first quarter of 2024 despite a challenging backdrop marked by geopolitical conflict, sustained high global interest rates and inflation, as well as further investment market volatility. The group delivered strong growth as the diversity of operations by product, market segment and geography, coupled with excellent cash generation and a solid capital base continue to position the group favourably.
+14%
+16%
+4% on 2023
+10% on a constant economic basis
R8,8 billion
+14% on 2023
+16,7%
+21%
R100,2 billion
+14%
R2 853 million
+19%
2,85%
(2022: 2,72%)
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+19% Net results from financial services
+19% cash net result from financial services
+35% net operational earnings
+13% on 2022 group new business volumes
+22% on 2022
+28% on 2022 on a constant economic basis
R18,5 billion
-66% on 2022
12,0% for the six-month period
Adjusted RoGEV of 8,5% for the six-month period
+26% Net results from financial services
+30% Cash net results from financial services
+64% Net operational earnings
R191bn
+19%
R1 265m (constant economic basis: R1 305m)
+18% (constant economic basis: +21%)
2,83%
2,91% on a constant economic basis