The normalised earnings of Outsurance from continued operations jumped more than three-quarters as the insurer’s earnings base underwent big changes after the sale of its interest in the Hastings Group, and the unbundling of its stake in Discovery and Momentum Metropolitan.
The company, valued at R51.4bn on the JSE, reported in its results for the six months to end-December that normalised earnings from continued operations rose 77.7% year on year to R1.32bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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