Ranking of South African non-life insurance companies according to 2019's turnover

Magazine Issue:

Magazine date:

Dec 2020

Figures in thousands

Companies	2019 turnover		2018 turnover		2018-2019 evolution ⁽²⁾
Companies	In ZAR ⁽¹⁾	In USD	In ZAR ⁽¹⁾	In USD	2018-2019 evolution ⁽²⁾
Santam	28 431 000	2 022 013	26 361 000	1 824 972	7.85%
Hollard Insurance ⁽³⁾	10 856 041	772 082	10 259 310	710 252	5.82%
Old Mutual Insure	10 660 000	758 139	9 511 000	658 447	12.08%
Guardrisk Insurance ⁽³⁾	9 983 925	710 057	8 200 592	567 727	21.75%
OUTsurance Insurance ⁽³⁾	8 380 352	596 011	7 796 100	539 724	7.49%
Bryte Insurance Company	4 528 179	322 044	4 274 594	295 930	5.93%
Mutual & Federal Risk Financing	3 221 478	229 111	2 847 136	197 107	13.15%
Absa Insurance	3 093 306	219 996	2 566 695	177 692	20.52%
Auto and General Insurance ⁽³⁾	2 993 006	212 862	3 592 071	248 679	-16.68%
Standard Insurance	2 758 516	196 186	2 659 180	184 095	3.74%
Escap ⁽⁴⁾	2 721 598	193 560	3 340 874	231 289	-18.54%
Sasria ⁽⁴⁾	2 168 955	154 256	1 994 199	138 058	8.76%
Renasa Insurance ⁽³⁾	2 044 864	145 431	1 405 270	97 287	45.51%
Lombard Insurance ⁽³⁾	2 018 561	143 560	1 813 441	125 545	11.31%
Budget Insurance ⁽³⁾	1 827 702	129 986	1 748 909	121 077	4.51%
Alexander Forbes Insurance ⁽⁴⁾	1 776 101	126 316	1 695 208	117 359	4.77%
King Price Insurance ⁽³⁾	1 611 631	114 619	1 173 159	81 218	37.38%
Compass Insurance	1 496 467	106 429	1 411 342	97 707	6.03%
Hollard Specialist Insurance ⁽³⁾	1 433 548	101 954	1 395 861	96 635	2.70%
Nedgroup Insurance	1 180 062	83 926	1 174 687	81 324	0.46%
Infiniti Insurance ⁽⁴⁾	1 155 450	82 176	1 123 437	77 776	2.85%
Allianz Global Corporate	1 116 843	79 430	984 993	68 191	13.39%
First for Women Insurance ⁽³⁾	952 433	67 737	935 796	64 785	1.78%
Momentum Short Term Insurance ⁽³⁾	880 795	62 642	747 327	51 737	17.86%
The Federated Employers Mutual Assurance Company	857 000	60 950	957 000	66 253	-10.45%
Dial Direct Insurance ⁽³⁾	824 615	58 647	899 430	62 268	-8.32%
Chubb Insurance	571 083	40 615	470 808	32 594	21.30%
Clientele General Insurance ⁽³⁾	450 200	32 018	404 006	27 969	11.43%
Unitrans Insurance ⁽⁵⁾	270 355	19 228	282 353	19 547	-4.25%
PPS Short-Term Insurance	203 073	14 442	173 923	12 041	16.76%
Indequity Specialised Insurance ⁽⁵⁾	63 565	4 521	59 148	4 095	7.47%
Corporate Guarantee ⁽⁴⁾	38 169	2 714	48 648	3 368	-21.54%
Total	110 568 873	7 863 658	102 307 497	7 082 748	8.08%
Rest of the market	21 152 127	1 504 342	39 162 503	2 711 252	-45.99%
Grand total	131 721 000	9 368 000	141 470 000	9 794 000	-6.89%

⁽¹⁾ Rand
⁽²⁾ Growth rate in local currency
⁽³⁾ The year ending June 30th
⁽⁴⁾ The year ending March 31^st
⁽⁵⁾ The year ending September 30^th

Exchange rate on 31/12/2019 : 1 ZAR = 0.07112 USD; on 31/12/2018: 1 ZAR = 0.06923 USD