OUTsurance Group Ltd

Common Name
OUTsurance Group
Country
South Africa
Sector
Financial Services
Industry
Insurance - Diversified
Employees
7,000
Ticker
OUT
Exchange
JOHANNESBURG STOCK EXCHANGE
Website
rmih.co.za
Description
Outsurance Group Ltd. is a prominent player in the insurance sector, providing a wide range of financial services predominantly in the Southern Hemisphere. Renowned for its innovative approach to insu...

Financial Statements of OUTsurance Group

Below are the financial statements of OUTsurance Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

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All figures in millions of ZAR
2024 2023-07-01 - 2024-06-30
2023
Insurance revenue
31,913a
26,833a
Insurance service expenses
-24,977a
-19,837a
Net expenses from reinsurance contracts held
-1,347a
-1,989a
Insurance service result
5,589a
5,007a
Administration income
502a
450a
Net investment income
1,628a
1,198a
Investment income
290a
208a
Interest income on financial assets using the effective interest rate method
1,284a
911a
Net gain from fair value adjustments on financial assets
51a
80a
Change in expected credit losses on financial assets
-3a
-1a
Net insurance finance expenses
-241a
-94a
Finance expenses from insurance contracts issued
-343a
-103a
Finance income from reinsurance contracts held
102a
9a
Fair value adjustment to financial liabilities
-200a
-196a
Net insurance and investment result
7,278a
6,365a
Marketing and administration expenses
-1,646a
-1,510a
Finance costs
-73a
-40a
Equity accounted earnings
127a
20a
Profit on sale of assets held for sale
55a
57a
Profit on change in shareholding of investment in associates
509a
7a
Profit on sale of associates
44a
0a
Impairment of investment in associates
-9a
-23a
Profit before taxation
6,285a
4,876a
Taxation
-1,794a
-1,459a
Profit for the year
4,491a
3,417a
Profit attributable to
Ordinary shareholders
4,061a
2,980a
Non-controlling interests
430a
437a
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Verified Sources Behind OUTsurance Group’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore OUTsurance Group’s data sources below and access millions more through our Disclosure Search.

a. OUTsurance Group's Integrated Report 2024
a. OUTsurance Group's Integrated Report 2024
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