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.
| 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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