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A summary of our financial year’s performance.

2024 Interim results

Return on Group Equity Value per share

9,3% for the six-month period
Adjusted RoGEV of 10,7% for the six-month period

Earnings

+14% Net result from financial services (+19% per share)

+15% Cash net result from financial services (+20% per share)

+8% Net operational earnings (+12% per share)

Life insurance new business volumes (present value of new business premiums)

R51 billion
+14%


Net value of new covered business (VNB)

R1 394 million
+10%

Net VNB margin

2,73%


View results summary

2024 First quarter operational update

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.

Net result from financial services

+14%

Net operational earnings

+16%

Net value of new business

+4% on 2023
+10% on a constant economic basis


Group net client cash inflows

R8,8 billion
+14% on 2023


SENS announcement Press release Investor call recording

2023 Annual results

Return on Group Equity Value per share

+16,7%

Net results from financial services per share

+21%

Life insurance new business volumes (PVNBP)

R100,2 billion
+14%


Net value of new covered business (VNB)

R2 853 million
+19%

Net VNB margin

2,85%
(2022: 2,72%)


View results summary

Nine-month operational update

Content to follow.

Earnings

+19% Net results from financial services
+19% cash net result from financial services
+35% net operational earnings

New business volumes

+13% on 2022 group new business volumes

Net value of new business (VNB)

+22% on 2022
+28% on 2022 on a constant economic basis


Group net client cash inflows

R18,5 billion
-66% on 2022


Press release SENS announcement Investor call recording