Ranking of South African non-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
Santam
28 431 0002 022 01326 361 0001 824 9727.85%
Hollard Insurance (3)
10 856 041772 08210 259 310710 2525.82%
Old Mutual Insure
10 660 000758 1399 511 000658 44712.08%
Guardrisk Insurance (3)
9 983 925710 0578 200 592567 72721.75%
OUTsurance Insurance (3)
8 380 352596 0117 796 100539 7247.49%
Bryte Insurance Company
4 528 179322 0444 274 594295 9305.93%
Mutual & Federal Risk Financing
3 221 478229 1112 847 136197 10713.15%
Absa Insurance
3 093 306219 9962 566 695177 69220.52%
Auto and General Insurance (3)
2 993 006212 8623 592 071248 679-16.68%
Standard Insurance
2 758 516196 1862 659 180184 0953.74%
Escap (4)
2 721 598193 5603 340 874231 289-18.54%
Sasria (4)
2 168 955154 2561 994 199138 0588.76%
Renasa Insurance (3)
2 044 864145 4311 405 27097 28745.51%
Lombard Insurance (3)
2 018 561143 5601 813 441125 54511.31%
Budget Insurance (3)
1 827 702129 9861 748 909121 0774.51%
Alexander Forbes Insurance (4)
1 776 101126 3161 695 208117 3594.77%
King Price Insurance (3)
1 611 631114 6191 173 15981 21837.38%
Compass Insurance
1 496 467106 4291 411 34297 7076.03%
Hollard Specialist Insurance (3)
1 433 548101 9541 395 86196 6352.70%
Nedgroup Insurance
1 180 06283 9261 174 68781 3240.46%
Infiniti Insurance (4)
1 155 45082 1761 123 43777 7762.85%
Allianz Global Corporate
1 116 84379 430984 99368 19113.39%
First for Women Insurance (3)
952 43367 737935 79664 7851.78%
Momentum Short Term Insurance (3)
880 79562 642747 32751 73717.86%
The Federated Employers Mutual Assurance Company
857 00060 950957 00066 253-10.45%
Dial Direct Insurance (3)
824 61558 647899 43062 268-8.32%
Chubb Insurance
571 08340 615470 80832 59421.30%
Clientele General Insurance (3)
450 20032 018404 00627 96911.43%
Unitrans Insurance (5)
270 35519 228282 35319 547-4.25%
PPS Short-Term Insurance
203 07314 442173 92312 04116.76%
Indequity Specialised Insurance (5)
63 5654 52159 1484 0957.47%
Corporate Guarantee (4)
38 1692 71448 6483 368-21.54%
Total110 568 8737 863 658102 307 4977 082 7488.08%
Rest of the market21 152 1271 504 34239 162 5032 711 252-45.99%
Grand total131 721 0009 368 000141 470 0009 794 000-6.89%

(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

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

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