Investor Presentaiton
OUTsurance Business
OUTsurance Business key financial outcomes
R'million
Gross written premium
Net earned premium
Operating profit
Direct
Broker
Claims ratio (%)
Cost-to-income ratio (%)
Combined ratio (%)
°
•
Dec
2022
Dec
2021
% change
1 194
1 019
17.2%
1 159
978
18.5%
128
14
>100%
228
213
7.0%
(100)
(199)
49.7%
56.9%
63.1%
32.9%
36.2%
89.8%
99.3%
•
•
The OUTsurance Broker channel grew
gross written premium by 42.3% to
R617 million.
Higher premium inflation was driven by
higher claims cost factors and pricing
action to align with long-term targets in
the OUTsurance Broker book.
Significant improvement in the
OUTsurance Broker operating loss
attributed to claims ratio improvement
and enhanced economies of scale.
OUTsurance Group Limited
OUT
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