Ranking of South African life insurance companies according to 2019's turnover

Figures in thousands
Companies2019 turnover2018 turnover2018-2019 evolution (2)
In ZAR (1)In USDIn ZAR (1)In USD
Sanlam
87 931 0006 253 65367 246 0004 655 44030.76%
Old Mutual Life
55 324 0003 934 64353 920 0003 732 8822.60%
Liberty Group
38 820 0002 760 87837 494 0002 595 7103.54%
MML Group Limited (3)
27 510 0001 956 51121 355 0001 478 40728.82%
Hollard Life Assurance (3)
7 447 620529 6756 497 835449 84514.62%
Guardrisk Life (3)
7 407 644526 8326 790 453470 1039.09%
Professional Provident Society Insurance
4 605 942327 5754 211 472291 5609.37%
AVBOB Mutual Assurance (3)
4 158 073295 7223 635 622251 69414.37%
Absa Life
4 084 799290 5113 779 717261 6708.07%
Assupol Holdings (3)
3 458 166245 9452 987 369206 81515.76%
Nedgroup Life Assurance
2 171 744154 4542 006 296138 8968.25%
Clientele Life (3)
1 826 111129 8731 791 811124 0471.91%
1 Life (3)
1 386 95698 6401 333 88992 3453.98%
Old Mutual Alternative Risk Transfer
1 144 63481 4061 006 88869 70713.68%
Hollard Specialist Life (3)
718 47251 098821 37856 864-12.53%
OUTsurance Life Insurance (3)
503 29735 794468 62832 4437.40%
The Standard General Insurance (4)
81 9425 82864 4464 46227.15%
Total248 580 40017 679 038215 410 80414 912 89015.40%
Reste du marché281 860 60020 045 962350 933 19624 295 110-19.68%
Total général530 441 00037 725 000566 344 00039 208 000-6.34%

(1) Rand
(2) Growth rate in local currency
(3) The year ending June 30th
(4) The year ending March 31st
(5) The year ending September 30th
Sources: KPMG and Swiss Re

Exchange rate on 31/12/2019 : 1 ZAR = 0.07112 USD; on 31/12/2018: 1 ZAR = 0.06923 USD

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