Ranking of life insurance companies in South Africa
Figures in thousands
| Companies | 2022 turnover | 2021 turnover | 2021-2022 evolution (2) | 2022 shares | ||
|---|---|---|---|---|---|---|
| ZAR (1) | USD | ZAR (1) | USD | |||
| Sanlam | 112 168 000 | 6 599 965 | 107 571 000 | 6 741 475 | 4.27% | 13.94% |
| Old Mutual Life | 54 313 000 | 3 195 777 | 55 953 000 | 3 506 575 | -2.93% | 6.75% |
| Liberty Group | 48 485 000 | 2 852 857 | 43 801 000 | 2 745 009 | 10.69% | 6.02% |
| MML Group Limited (3) | 27 429 000 | 1 697 032 | 27 328 000 | 1 907 768 | 0.37% | 3.41% |
| Guardrisk Life (3) | 9 217 064 | 570 260 | 8 058 497 | 562 564 | 14.38% | 1.15% |
| Hollard Life Assurance (3) | 7 013 107 | 433 901 | 6 855 416 | 478 577 | 2.30% | 0.87% |
| Centriq Life Insurance | 5 840 169 | 343 636 | 4 175 425 | 261 674 | 39.87% | 0.73% |
| AVBOB Mutual Assurance (3) | 5 739 498 | 355 103 | 5 194 984 | 362 662 | 10.48% | 0.71% |
| ABSA Life | 5 013 637 | 295 002 | 4 624 178 | 289 797 | 8.42% | 0.62% |
| Assupol Holdings (3) | 4 714 047 | 291 658 | 4 359 112 | 304 310 | 8.14% | 0.59% |
| Nedgroup Life Assurance | 2 415 340 | 142 119 | 2 382 844 | 149 333 | 1.36% | 0.30% |
| Clientele Life (3) | 1 868 092 | 115 579 | 1 800 064 | 125 662 | 3.78% | 0.23% |
| 1 Life (3) | 1 514 612 | 93 709 | 1 498 061 | 104 580 | 1.10% | 0.19% |
| OUTsurance Life Insurance (3) | 797 910 | 49 367 | 649 861 | 45 367 | 22.78% | 0.10% |
| Hollard Specialist Life (3) | 681 067 | 42 138 | 700 536 | 48 904 | -2.78% | 0.08% |
| Bryte Life Company | 130 120 | 7 656 | 162 539 | 10 186 | -19.95% | 0.02% |
| Reste du marché (4) | 339 110 337 | 19 774 559 | 341 497 483 | 20 998 631 | -0.70% | 42.14% |
| Total life (5) | 626 450 000 | 36 860 318 | 616 612 000 | 38 643 074 | 1.60% | 77.85% |
(1) Rand
(2) Growth rate in local currency
(3) Financial year at the end of June
(4) 47 life companies vie (total 63)
(5) Direct and captive insurance companies
| ZAR/USD | 30/12/2022 | 30/12/2021 | 30/03/2022 | 30/03/2021 | 30/06/2022 | 30/06/2021 |
| 0.05884 | 0.06267 | 0.06897 | 0.06701 | 0.06187 | 0.06981 |
Read also | South African life insurance companies
