Health and insurance group Discovery reported its highest normalised headline earnings in its history as it topped pre-pandemic levels, according to its 2022 results released on Wednesday.
Normalised headline earnings rose 70.76% year on year to R5.82bn, beating its 2021 performance of R3.4bn, R3.75bn in 2020, R5.04bn in 2019 and R5.4bn in 2018. Normalised headline earnings strip out impairments, one-off items, irregular events, and income or expenses not considered part of normal operations to give a better reflection during tumultuous times, such as the Covid-19 pandemic. ..
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