Excellent client retention – in the high 90s
#1 employee benefits consultant and retirement fund administrator in sub-Saharan Africa
#1 umbrella fund and standalone provider in South Africa measured by assets
#1 multimanager in sub-Saharan Africa
PMR.africa Diamond Award for Top Retirement Fund Administrator for the ninth consecutive year
PMR.africa Diamond Award for Top Retirement Fund Consultant for the ninth consecutive year
Leading healthcare specialist consultant in South Africa – BHF Titanium Award for Best Healthcare Advisory Service
High cash conversion ratio
Collection of cash largely under our control – minimal working capital strain
Investment in retail and other growth strategies mainly through the income statement:
Operating income from insurance activities:
Low insurance risk retention – AF Insurance Motor & Household
75% reinsured, Group Life in excess of 80% reinsured
Due to capital lite and highly cash generative nature of the business a dividend policy of 1.5x to 2x cover
Balancing transition to new SAM regulatory capital framework with balance sheet efficiency through dividend policy
Declared an interim dividend of R201m (15c per share)
Declared a final dividend of R295m (22c per share)
1.5x cover ratio on attributable PAT