Investor Presentaiton
OHL Group consolidated results overview
R' million
Dec 2022
Dec 2021
% change
Gross written premium
13 618
11 600
17.4%
Annualised new business premium written
3 673
3 382
8.6%
Operating profit
1 894
1 142
65.8%
•
Normalised earnings
1 502
1 102
36.3%
Claims ratio
55.3%
58.1%
Insurance cost-to-income ratio¹
29.8%
30.5%
Combined ratio²
85.5%
89.2%
Normalised ROE (%)
29.1%
23.6%
Dividend declared
969
938
3.3%
1 Excluding the financials effects of external call centre services offered.
2 Net of profit share distributions paid to FirstRand and Shoprite.
•
Excluding the prior year earnings
contribution from the OHL Group's
indirect investment in Hastings, the
Group's normalised earnings result is
45.3% higher.
The Hastings investment was disposed
of in December 2021.
The OHL Group's investment income
increased by R74 million
notwithstanding lower returns on equity
exposure.
The slower growth in the dividend is
attributed to capital retention at Youi to
allow for prudent balance sheet to cater
for growth and uncertainty related to the
reinsurance renewal for FY 2024.
Also impacting the dividend is capital
retention in advance of the Ireland
market entry
OUTsurance Group Limited
OUT
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