Magazine date:
Nov 2023 Figures in thousands
| Companies | 2022 turnover | 2021 turnover | 2021-2022 evolution (2) | 2022 shares | ||
|---|---|---|---|---|---|---|
| ZAR (1) | USD | ZAR (1) | USD | |||
| Santam | 34 067 000 | 2 004 502 | 31 502 000 | 1 974 230 | 8.14% | 4.23% |
| Guardrisk Insurance (4) | 13 250 978 | 819 838 | 12 091 152 | 844 083 | 9.59% | 1.65% |
| Hollard Insurance (4) | 12 047 545 | 745 382 | 11 311 624 | 789 664 | 6.51% | 1.50% |
| Old Mutual Insure | 11 657 000 | 685 898 | 11 031 000 | 691 313 | 5.67% | 1.45% |
| OUTsurance Insurance (4) | 10 252 807 | 634 341 | 9 407 445 | 656 734 | 8.99% | 1.27% |
| Centriq Insurance Company | 6 428 868 | 378 275 | 3 774 216 | 236 530 | 70.34% | 0.80% |
| Bryte Insurance Company | 5 934 026 | 349 158 | 5 387 853 | 337 657 | 10.14% | 0.74% |
| Discovery Insure Limited (4) | 5 195 000 | 321 415 | 4 385 000 | 306 117 | 18.47% | 0.65% |
| Mutual & Federal Risk Financing | 4 188 140 | 246 430 | 3 636 841 | 227 921 | 15.16% | 0.52% |
| Escap (3) | 4 124 859 | 284 492 | 4 507 398 | 302 041 | -8.49% | 0.51% |
| ABSA Insurance | 3 412 290 | 200 779 | 3 234 477 | 202 705 | 5.50% | 0.42% |
| Standard Insurance | 3 257 706 | 191 683 | 3 028 393 | 189 789 | 7.57% | 0.41% |
| Miway Insurance | 3 250 532 | 191 261 | 3 170 627 | 198 703 | 2.52% | 0.40% |
| Lombard Insurance Company (4) | 3 232 561 | 199 999 | 2 641 159 | 184 379 | 22.39% | 0.40% |
| Sasria (3) | 3 152 458 | 217 425 | 2 785 825 | 186 678 | 13.16% | 0.39% |
| Auto and General Insurance (4) | 3 067 547 | 189 789 | 3 026 629 | 211 289 | 1.35% | 0.38% |
| Momentum Insure Company (4) | 2 848 781 | 176 254 | 2 791 314 | 194 862 | 2.06% | 0.35% |
| Compass Insurance Company | 1 934 504 | 113 826 | 1 801 433 | 112 896 | 7.39% | 0.24% |
| Budget Insurance Company (RF) (4) | 1 865 294 | 115 406 | 1 794 578 | 125 279 | 3.94% | 0.23% |
| Infiniti Insurance (3) | 1 331 607 | 91 841 | 1 282 953 | 85 971 | 3.79% | 0.17% |
| Allianz Global Corporate and Specialty | 1 259 969 | 74 137 | 1 150 603 | 72 108 | 9.51% | 0.16% |
| Nedgroup Insurance | 1 143 274 | 67 270 | 1 110 697 | 69 607 | 2.93% | 0.14% |
| Hollard Specialist Insurance (4) | 996 518 | 61 655 | 862 964 | 60 244 | 15.48% | 0.12% |
| First for Women Insurance | 958 065 | 56 373 | 949 289 | 59 492 | 0.92% | 0.12% |
| The Federated Employers Mutual Assurance Company | 928 000 | 54 604 | 770 000 | 48 256 | 20.52% | 0.12% |
| Chubb Insurance South Africa | 889 671 | 52 348 | 773 779 | 48 493 | 14.98% | 0.11% |
| Dial Direct Insurance (RF) (4) | 742 735 | 45 953 | 831 198 | 58 026 | -10.64% | 0.09% |
| Safire Insurance Company (3) | 668 649 | 46 117 | 589 297 | 39 489 | 13.47% | 0.08% |
| Exxaro Insurance Company | 582 887 | 34 297 | 413 652 | 25 924 | 40.91% | 0.07% |
| Clientele General Insurance (4) | 490 691 | 30 359 | 498 627 | 34 809 | -1.59% | 0.06% |
| Indequity Specialised (5) | 79 348 | 4 411 | 72 683 | 4 804 | 9.17% | 0.01% |
| Reste du marché (6) | 35 049 690 | 1 805 007 | 35 877 294 | 1 853 961 | -2.31% | 4.36% |
| Total non-life (7) | 178 289 000 | 10 490 525 | 166 492 000 | 10 434 054 | 7.09% | 22.15% |
(1) Rand
(2) Growth rate in local currency
(3) Financial year at the end of March
(4) Financial year at the end of June
(5) Financial year at the end of September
(6) 36 non-life companies (total 67)
(7) 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 [4]
