Revenue GROUP COMPANY 2023 2022 2023 Notes R'000 R'000 R'000 2022 R'000 Gross written premiums Reinsurance...
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Revenue GROUP COMPANY 2023 2022 2023 Notes R'000 R'000 R'000 2022 R'000 Gross written premiums Reinsurance outwards Net written premiums Less: Change in unearned premium reserve Gross amount Reinsurer share 16 537 930 (4 809 984) 11 727 946 (1 766 761) (2 275 542) 508 781 13 347 934 (4 416 871) 8 931 062 (286 619) (428 755) 142 135 16 189 864 (4 585 825) 11 604 039 (1 781 982) (2 224 870) 442 888 12 047 545 (3 569 603) 8 477 942 (277 781) (324 939) 47 158 Net premium income Investment income Interest received Dividends received Rental income 9 961 185 8 644 443 9 822 057 8 200 161 496 252 24 396 270 435 210 330 106 442 228 337 771 435 906 286 115 24 100 798 102 777 107 954 149 791 2 681 2 327 - Investment management fees (3 497) Investment gains 158 017 197 755 (3 497) 258 930 193 140 Realised gains on disposal of investments 27 49 081 2 308 49 081 2 308 Unrealised gains on revaluation of investments 28 109 947 144 103 130 647 138 446 Profit on translation of foreign currency 77 066 51 344 79 202 52 387 Loss on disposal of subsidiary 9 (78 077) - Other operating income 193 715 107 234 Total revenue 10 809 169 9 384 643 193 676 10 716 891 107 045 8 936 253 Expenses Gross policyholder benefits and claims Incurred Claims and loss adjustments expense 7 359 333 Policyholder benefits Reinsurance recoveries Net insurance claims Commissions and other acquisitions Interest paid 24 Marketing and administration expenses 7 356 395 2 938 (1 210 656) 6 148 677 919 808 61140 3 152 053 Total expenses 29 10 281 678 8 609 373 8 616 305 6 932 (3 708 008) 4 901 365 876 881 52 027 2 561 861 8 392 134 7 264 630 7 263 086 8 541 676 8 541 676 1544 Result of operating activities 527 491 Share of income in associates 11 030 Profit before taxation 538 521 992 509 31 213 1023 722 3 110 759 10 165 571 551 319 (1 167 558) 6 097 072 896 601 61140 4 752 296 790 474 48 984 2 418 144 8 009 898 926 355 (3 789 380) 551 319 926 355 Taxation 30 Profit for the year 81 987 456 534 217 132 806 590 81 883 469 437 182 294 744 061 Profit for the year attributable to: Equity holders of the parent Non-controlling interests 437 021 19 513 456 534 767 862 38 728 806 590 469 437 469 437 744 061 744 061 - Revenue GROUP COMPANY 2023 2022 2023 Notes R'000 R'000 R'000 2022 R'000 Gross written premiums Reinsurance outwards Net written premiums Less: Change in unearned premium reserve Gross amount Reinsurer share 16 537 930 (4 809 984) 11 727 946 (1 766 761) (2 275 542) 508 781 13 347 934 (4 416 871) 8 931 062 (286 619) (428 755) 142 135 16 189 864 (4 585 825) 11 604 039 (1 781 982) (2 224 870) 442 888 12 047 545 (3 569 603) 8 477 942 (277 781) (324 939) 47 158 Net premium income Investment income Interest received Dividends received Rental income 9 961 185 8 644 443 9 822 057 8 200 161 496 252 24 396 270 435 210 330 106 442 228 337 771 435 906 286 115 24 100 798 102 777 107 954 149 791 2 681 2 327 - Investment management fees (3 497) Investment gains 158 017 197 755 (3 497) 258 930 193 140 Realised gains on disposal of investments 27 49 081 2 308 49 081 2 308 Unrealised gains on revaluation of investments 28 109 947 144 103 130 647 138 446 Profit on translation of foreign currency 77 066 51 344 79 202 52 387 Loss on disposal of subsidiary 9 (78 077) - Other operating income 193 715 107 234 Total revenue 10 809 169 9 384 643 193 676 10 716 891 107 045 8 936 253 Expenses Gross policyholder benefits and claims Incurred Claims and loss adjustments expense 7 359 333 Policyholder benefits Reinsurance recoveries Net insurance claims Commissions and other acquisitions Interest paid 24 Marketing and administration expenses 7 356 395 2 938 (1 210 656) 6 148 677 919 808 61140 3 152 053 Total expenses 29 10 281 678 8 609 373 8 616 305 6 932 (3 708 008) 4 901 365 876 881 52 027 2 561 861 8 392 134 7 264 630 7 263 086 8 541 676 8 541 676 1544 Result of operating activities 527 491 Share of income in associates 11 030 Profit before taxation 538 521 992 509 31 213 1023 722 3 110 759 10 165 571 551 319 (1 167 558) 6 097 072 896 601 61140 4 752 296 790 474 48 984 2 418 144 8 009 898 926 355 (3 789 380) 551 319 926 355 Taxation 30 Profit for the year 81 987 456 534 217 132 806 590 81 883 469 437 182 294 744 061 Profit for the year attributable to: Equity holders of the parent Non-controlling interests 437 021 19 513 456 534 767 862 38 728 806 590 469 437 469 437 744 061 744 061 -
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