South African insurance industry: Ranking of life insurers per 2017 per turnover

 2017 written premiums 2016 written premiums2016-2017 (2) evolution
 In ZAR (1)In USDIn ZAR (1)In USD
Sanlam
58 431 0004 729 40552 659 0003 858 32510.96%
Old Mutual
49 313 3803 991 42551 177 9053 749 805-3.64%
Liberty Group
36 973 0002 992 59538 013 0002 785 213-2.74%
MMI Group Limited (3)
21 052 0001 703 94923 223 0001 701 549-9.35%
1 Life (3)
1 180 60295 5581 080 13879 1429.30%
Hollard Life Assurance (3)
5 859 951474 3045 559 092407 3155.41%
Guardrisk Life (3)
5 295 918428 6522 626 081192 413101.67%
Provisional Provident Society Insurance
3 836 490310 5263 425 141250 96012.01%
Absa Life
3 395 421274 8253 178 727232 9056.82%
AVBOB Mutual Assurance (3)
3 132 260253 5252 700 073197 83416.01%
Assupol Holdings (3)
2 689 623217 6982 447 832179 3539.88%
Nedgroup Life Assurance
1 912 960154 8351 871 657137 1362.21%
Clientele Life (3)
1 648 789133 4531 547 600113 3936.54%
Regent Life Assurance (3)
793 78664 249802 78158 820-1.12%
Momentum Ability (3)
750 80760 7702 127 336155 870-64.71%
Alexander Forbes Life (4)
442 75035 836394 88528 93312.12%
OUTsurance Life Insurance (3)
440 37535 644391 52128 68712.48%
Centriq Life Insurance
321 74526 042255 52518 72225.92%
Bidvest Life (3)
42 7173 45845 5153 335-6.15%
Oakhurst Life Limited
5 6194556558544.62%
Total
197 519 19315 987 203193 526 87414 179 7142.06%
Rest of the market
312 371 80725 283 374292 084 12621 401 0046.95%
Grand total
509 891 00041 270 578485 611 00035 580 7185%

(1) Rand (2) Growth rate in local currency
(3) The year ending June 30th (4) The year ending March 31st
Exchange rate as at 31/12/2017: 1 ZAR = 0.08094 USD; as at 31/12/2016: 1 ZAR = 0.07327 USD
Source: The South African Insurance Industry Survey 2018, KPMG, October 2018

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