Magazine date:
Feb 2023 Figures in thousands
| Companies | 2021 turnover | 2020 turnover | 2020-2021 evolution (2) | 2021 shares | ||
|---|---|---|---|---|---|---|
| ZAR (1) | USD | ZAR (1) | USD | |||
| Santam | 31 502 000 | 1 974 230 | 29 976 000 | 2 045 262 | 5.09% | 18.92% |
| Guardrisk Insurance (3) | 12 091 152 | 844 083 | 11 112 844 | 642 878 | 8.80% | 7.26% |
| The Hollard Insurance (3) | 11 311 624 | 789 664 | 11 051 009 | 639 301 | 2.36% | 6.79% |
| Old Mutual | 11 031 000 | 691 313 | 10 644 000 | 726 240 | 3.64% | 6.63% |
| OUTsurance Insurance (3) | 9 407 445 | 656 734 | 8 856 321 | 512 338 | 6.22% | 5.65% |
| Bryte Insurance Company | 5 387 853 | 337 657 | 4 723 796 | 322 305 | 14.06% | 3.24% |
| Discovery Insure (3) | 4 385 000 | 306 117 | 3 706 000 | 214 392 | 18.32% | 2.63% |
| Escap (4) | 4 359 096 | 292 103 | 3 162 224 | 176 262 | 37.85% | 2.62% |
| Centriq Insurance Company | 3 774 216 | 236 530 | 3 359 348 | 229 208 | 12.35% | 2.27% |
| Mutual & Federal Risk Financing | 3 748 374 | 234 911 | 3 289 565 | 224 447 | 13.95% | 2.25% |
| ABSA Insurance | 3 234 477 | 202 705 | 3 108 139 | 212 068 | 4.06% | 1.94% |
| Miway Insurance | 3 170 627 | 198 703 | 2 912 757 | 198 737 | 8.85% | 1.90% |
| Standard Insurance | 3 028 393 | 189 789 | 2 923 713 | 199 485 | 3.58% | 1.82% |
| Auto and General Insurance (3) | 3 026 629 | 211 289 | 3 029 635 | 175 264 | -0.10% | 1.82% |
| Momentum Insure Company (3) | 2 791 314 | 194 862 | 3 236 140 | 187 211 | -13.75% | 1.68% |
| Lombard Insurance (3) | 2 641 159 | 184 379 | 2 159 116 | 124 905 | 22.33% | 1.59% |
| King Price Insurance (3) | 2 511 582 | 175 334 | 2 101 233 | 121 556 | 19.53% | 1.51% |
| AIG South Africa (5) | 1 826 721 | 113 037 | 1 750 795 | 114 502 | 4.34% | 1.10% |
| Compass Insurance | 1 801 433 | 112 896 | 1 639 378 | 111 855 | 9.89% | 1.08% |
| Budget Insurance (3) | 1 794 578 | 125 279 | 1 853 682 | 107 236 | -3.19% | 1.08% |
| Infiniti Insurance (4) | 1 282 953 | 85 971 | 1 288 982 | 71 848 | -0.47% | 0.77% |
| Allianz Global Corporate | 1 150 603 | 72 108 | 1 115 480 | 76 109 | 3.15% | 0.69% |
| Nedgroup Insurance | 1 110 697 | 69 607 | 1 103 617 | 75 300 | 0.64% | 0.67% |
| First for Women Insurance (3) | 949 289 | 66 270 | 983 555 | 56 899 | -3.48% | 0.57% |
| Hollard Specialist Insurance (3) | 862 964 | 60 244 | 967 227 | 55 954 | -10.78% | 0.52% |
| Dial Direct Insurance (3) | 831 198 | 58 026 | 885 988 | 51 254 | -6.18% | 0.50% |
| Chubb Insurance | 773 779 | 48 493 | 761 180 | 51 935 | 1.66% | 0.46% |
| The Federated Employers Mutual Assurance Company | 770 000 | 48 256 | 870 000 | 59 360 | -11.49% | 0.46% |
| Legal Expenses Insurance (3) | 764 104 | 53 342 | 791 739 | 45 802 | -3.49% | 0.46% |
| Safire Insurance Company (4) | 589 297 | 39 489 | 498 849 | 27 806 | 18.13% | 0.35% |
| Total top 30 insurers | 131 909 557 | 8 673 421 | 123 862 312 | 7 857 719 | 6.50% | 79.23% |
| Reste of the market (6) | 34 582 443 | 1 760 633 | 26 055 688 | 2 371 186 | 32.73% | 20.77% |
| Total non-life market (7) | 166 492 000 | 10 434 054 | 149 918 000 | 10 228 905 | 11.06% | 100.00% |
(1) Rand
(2) Growth rate in local currency
(3) Financial year at the end of June
(4) Financial year at the end of March
(5) Financial year at the end of November
(6) 37 non-life companies
(7) Direct, captive and cell captive insurance companies
| ZAR/USD | 31/12/2021 | 31/12/2020 | 30/06/2021 | 30/06/2020 | 30/11/2021 | 30/11/2020 |
| 0.06267 | 0.06823 | 0.06981 | 0.05785 | 0.06188 | 0.0654 |
Read also | South African life insurance companies [4]
