Is your brokerage charging as hard as this insurer?
24 February 2022
The latest trading statement issued by South Africa’s largest non-life insurer suggests ‘business as usual’ during the second year of the coronavirus pandemic; but there could be more hiding in the brief update than meets the eye. In a JSE SENS announcement issued recently, the insurer updated shareholders on the expected range of earnings and headline earnings per share for the year to 31 December 2021. It said that headline earnings per share (HEPS) would come in at almost three times what the business achieved for 2020. Shareholders will have to wait until early March for the official results, but this update will be quite close to the mark.