Rm |
Notes |
2016 |
2015 |
Continuing operations |
|||
Fee and commission income |
5 839 |
5 268 |
|
Direct expenses attributable to fee and commission income |
(1 003) |
(915) |
|
Net income from insurance operations |
540 |
498 |
|
Insurance premiums earned |
2 123 |
1 909 |
|
Less: Amounts ceded to reinsurers |
(1 258) |
(1 114) |
|
Plus: Investment income from insurance operations |
32 |
11 |
|
Less: Insurance claims and withdrawals |
(1 507) |
(1 326) |
|
Plus: Insurance claims and benefits covered by reinsurance contracts |
1 150 |
1 018 |
|
Operating income net of direct expenses |
5 376 |
4 851 |
|
Operating expenses |
(4 166) |
(3 714) |
|
Profit from operations before non-trading and capital items |
1 210 |
1 137 |
|
Non-trading and capital items |
(137) |
(355) |
|
Operating profit |
1 073 |
782 |
|
Investment income |
294 |
226 |
|
Finance costs |
(71) |
(119) |
|
Reported profit/(loss) arising from accounting for policyholder investments in treasury shares |
59 |
(26) |
|
Share of net profit of associates (net of income tax) |
4 |
3 |
|
Profit before taxation |
1 359 |
866 |
|
Income tax expense |
(468) |
(361) |
|
Profit for the year from continuing operations |
891 |
505 |
|
Discontinued operations |
|||
Loss on discontinued operations (net of income tax) |
(17) |
(145) |
|
Profit for the year |
874 |
360 |
|
Profit attributable to: |
|||
Equity holders |
729 |
253 |
|
Non-controlling interest |
145 |
107 |
|
874 |
360 |
||
Basic earnings/(loss) per share |
|||
– From continuing operations |
58.4 |
32.9 |
|
– From discontinued operations |
(1.5) |
(12.4) |
|
– From total operations |
56.9 |
20.5 |
|
Diluted earnings per share from total operations |
56.4 |
20.2 |