Investor Presentaiton
Youi
Youi Australia key financial outcomes
% change
24.4%
High premium inflation experienced in response to
higher claims inflation, increased natural perils losses
coupled with higher reinsurance costs and retention.
Youi Direct grew gross written premiums by 20.8%.
(Rand)
Consistent with year-end guidance, new business
volumes have moderated.
The large improvement in the claims ratio is
associated with the large reduction in net retained
natural perils claims incurred. Also contributing is the
improved attritional claims ratio on the BZI book
following rating action to achieve target operating
margin.
The higher CTP operating loss is attributed to the
introduction of CTP in South Australia and a large
single claim event impacting the NSW CTP.
R'million
Gross written premium
Net earned premium
Operating profit
Direct
BZI
CTP
Investment income
2022
2021
7 648
6 149
5 957
4 644
28.5%
887
169
>100%
930
295
>100%
37
(96)
>100%
(80)
(30)
>(100%)
122
8
Headline earnings
651
120
>100%
>100%
Claims ratio (%)
55.9%
62.0%
Cost-to-income ratio (%)
31.1%
34.9%
Combined ratio (%)
86.6%
96.9%
OUTsurance Group Limited
OUT
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