GWP increased 12 percent year-on-year to ZiG1,14 billion on the back of growth in all revenue lines. Insurance revenue was up seven percent to ZiG1,1 billion driven by new business written through the continued support from business partners.
OLD Mutual Group reported its highest profit since 2019, buoyed by rising demand for its short-term insurance and wealth management products at home in South Africa.
The Johannesburg-based company’s adjusted headline earnings rose 14% to to R6.69 billion ($370 million). That exceeded the R6.6 billion-forecast by six analysts in a Bloomberg survey.
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