Non-life insurance companies in South Africa: 2021 ranking

Figures in thousands

Companies	2021 turnover		2020 turnover		2020-2021 evolution ⁽²⁾	2021 shares
Companies	ZAR ⁽¹⁾	USD	ZAR ⁽¹⁾	USD	2020-2021 evolution ⁽²⁾	2021 shares
Santam	31 502 000	1 974 230	29 976 000	2 045 262	5.09%	18.92%
Guardrisk Insurance ⁽³⁾	12 091 152	844 083	11 112 844	642 878	8.80%	7.26%
The Hollard Insurance ⁽³⁾	11 311 624	789 664	11 051 009	639 301	2.36%	6.79%
Old Mutual	11 031 000	691 313	10 644 000	726 240	3.64%	6.63%
OUTsurance Insurance ⁽³⁾	9 407 445	656 734	8 856 321	512 338	6.22%	5.65%
Bryte Insurance Company	5 387 853	337 657	4 723 796	322 305	14.06%	3.24%
Discovery Insure ⁽³⁾	4 385 000	306 117	3 706 000	214 392	18.32%	2.63%
Escap ⁽⁴⁾	4 359 096	292 103	3 162 224	176 262	37.85%	2.62%
Centriq Insurance Company	3 774 216	236 530	3 359 348	229 208	12.35%	2.27%
Mutual & Federal Risk Financing	3 748 374	234 911	3 289 565	224 447	13.95%	2.25%
ABSA Insurance	3 234 477	202 705	3 108 139	212 068	4.06%	1.94%
Miway Insurance	3 170 627	198 703	2 912 757	198 737	8.85%	1.90%
Standard Insurance	3 028 393	189 789	2 923 713	199 485	3.58%	1.82%
Auto and General Insurance ⁽³⁾	3 026 629	211 289	3 029 635	175 264	-0.10%	1.82%
Momentum Insure Company ⁽³⁾	2 791 314	194 862	3 236 140	187 211	-13.75%	1.68%
Lombard Insurance ⁽³⁾	2 641 159	184 379	2 159 116	124 905	22.33%	1.59%
King Price Insurance ⁽³⁾	2 511 582	175 334	2 101 233	121 556	19.53%	1.51%
AIG South Africa ⁽⁵⁾	1 826 721	113 037	1 750 795	114 502	4.34%	1.10%
Compass Insurance	1 801 433	112 896	1 639 378	111 855	9.89%	1.08%
Budget Insurance ⁽³⁾	1 794 578	125 279	1 853 682	107 236	-3.19%	1.08%
Infiniti Insurance ⁽⁴⁾	1 282 953	85 971	1 288 982	71 848	-0.47%	0.77%
Allianz Global Corporate	1 150 603	72 108	1 115 480	76 109	3.15%	0.69%
Nedgroup Insurance	1 110 697	69 607	1 103 617	75 300	0.64%	0.67%
First for Women Insurance ⁽³⁾	949 289	66 270	983 555	56 899	-3.48%	0.57%
Hollard Specialist Insurance ⁽³⁾	862 964	60 244	967 227	55 954	-10.78%	0.52%
Dial Direct Insurance ⁽³⁾	831 198	58 026	885 988	51 254	-6.18%	0.50%
Chubb Insurance	773 779	48 493	761 180	51 935	1.66%	0.46%
The Federated Employers Mutual Assurance Company	770 000	48 256	870 000	59 360	-11.49%	0.46%
Legal Expenses Insurance ⁽³⁾	764 104	53 342	791 739	45 802	-3.49%	0.46%
Safire Insurance Company ⁽⁴⁾	589 297	39 489	498 849	27 806	18.13%	0.35%
Total top 30 insurers	131 909 557	8 673 421	123 862 312	7 857 719	6.50%	79.23%
Reste of the market ⁽⁶⁾	34 582 443	1 760 633	26 055 688	2 371 186	32.73%	20.77%
Total non-life market ⁽⁷⁾	166 492 000	10 434 054	149 918 000	10 228 905	11.06%	100.00%

⁽¹⁾ Rand
⁽²⁾ Growth rate in local currency
⁽³⁾ Financial year at the end of June
⁽⁴⁾ Financial year at the end of March
⁽⁵⁾ Financial year at the end of November
⁽⁶⁾ 37 non-life companies
⁽⁷⁾ Direct, captive and cell captive insurance companies

ZAR/USD	31/12/2021	31/12/2020	30/06/2021	30/06/2020	30/11/2021	30/11/2020
ZAR/USD	0.06267	0.06823	0.06981	0.05785	0.06188	0.0654

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Fri, 03/02/2023 - 11:34

Non-life insurance companies in South Africa: 2021 ranking

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