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Liberty Holdings heavily impacted by Covid-19

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Magazine Issue: 
The pandemic risk, insurers’ future Eldorado [3]
Magazine date: 
Jul 2020

liberty insuranceThe South African insurer Liberty Holdings published its results for H1 2020.

After making a profit of 2.013 billion ZAR (142.52 million USD) in H1 2019, Liberty Holding recorded a net loss of 2.173 billion ZAR (125.7 million USD) at the end of June 2020. The pandemic made the insurer set up a provision of 3 billion ZAR (173.54 million USD).

For the record, Liberty Holdings, a life insurance expert, operates in 25 African countries.

Read also | Discovery Group: Significant decline in net profit [4]

Tue, 25/08/2020 - 12:28

Source URL: https://www.atlas-mag.net/en/article/liberty-holdings-heavily-impacted-by-covid-19

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