Company News & Results

Now in its 10th year, needs-matched life insurer BrightRock announces strong growth in 2020, despite COVID-19’s challenges

Old Mutual remains resilient, despite lockdown limitations

Old Mutual today announced its full year results for the year ended 31 December 2020.

The true cost of business interruption

The publication of Santam’s 2020 Annual Financial Statements give the best indication to date of the impact of pandemic-related business interruption (BI) claims on the domestic non-life insurance sector. The country’s largest non-life insurer reported an “acceptable” performance for the year to 31 December 2020 despite trading in difficult economic circumstances. Gross written premium (GWP) from conventional insurance activities was up 5% to R31.1 billion; but the underwriting margin fell to just 2.5% compared to 7.7% in the prior year. This is well outside the group’s profit target of 4% to 8%.

Old Mutual Launches #Sisonke, A Campaign That Could See You Win R25 000

Old Mutual has launched #Sisonke, a pan African campaign aimed at creating awareness and to inspire collective action to mitigate, minimise and manage Covid-19 and its effects.