South Africa life and non life insurance industry: 2022 turnover
Figures in millions USD
| Class of business | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 (1) | 2021-2022 evolution (2) | 2022 shares |
|---|---|---|---|---|---|---|---|---|
| Total non life | 8 803 | 8 391 | 9 302 | 9 313 | 9 219 | 10 491 | 21.20% | 22.15% |
| Total life | 34 161 | 31 777 | 38 334 | 36 094 | 37 602 | 36 860 | 4.41% | 77.85% |
| Grand total | 42 964 | 40 167 | 47 636 | 45 407 | 46 821 | 47 351 | 7.72% | 100% |
Figures in millions ZAR
| Class of business | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 (1) | 2021-2022 evolution (2) | 2022 shares |
|---|---|---|---|---|---|---|---|---|
| Total non life | 109 000 | 121 200 | 130 800 | 136 500 | 147 100 | 178 289 | 21.20% | 22.15% |
| Total life | 423 000 | 459 000 | 539 000 | 529 000 | 600 000 | 626 450 | 4.41% | 77.85% |
| Grand total | 532 000 | 580 200 | 669 800 | 665 500 | 747 100 | 804 739 | 7.72% | 100% |
(1) Atlas estimate: the sum of the direct insurance premiums realized during the 4 quarters of 2022.
(2) Growth rate in local currency.
Source: South African Reserve Bank. Prudential Authority.
Exchange rate as at 31/12/2022 : 1 ZAR = 0.05884 USD ; 31/12/2021 : 1 ZAR = 0.06267 USD ; 31/12/2020 : 1 ZAR = 0.06823 USD ; 31/12/2019 : 1 ZAR = 0.07112 USD ; 31/12/2018 : 1 ZAR = 0.06923 USD ; 31/12/2017 : 1 ZAR = 0.08076 USD.
Read also | Non-life insurance companies in South Africa
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