Insurance-focused RMI sees 7% earnings fall amid claims rise

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Group’s headline earnings fall 7% due to increased claims at Discovery Life and Outsurance, but profit grows 3%

Rand Merchant Investment Holdings , which owns Outsurance and has stakes in Discovery and MMI, said on Tuesday headline earnings fell 7% to R3.8bn in the year to end-June, partly as a result of a rise in insurance claims.

The group owns 25% of Discovery, 29.9% of UK-listed insurer Hastings, 27.3% of MMI, 89.1% of Outsurance. It is the largest shareholder in all of these companies. RMI declared a final dividend of 65c per share, unchanged from the prior comparative period. Its total dividend rose to 110c from 104c. RMI’s focus for new investments in future will be predominantly in SA, the UK and Australia, it said, with a bias for unlisted, emerging markets and property and casualty insurance investments.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in SA
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين