summing it up
2002
2001
2000
1999
1998
1997
1996
2,928.0
2,379.0
1,867.3
1,691.3
1,558.4
1,574.0
1,561.0
2,379.1
1,983.4
1,591.2
1,451.3
1,371.7
1,354.1
1,339.8
Net asset value per share (cents)
|
|
|
|
|
|
|
|
||
|
|||||||||
| SEVEN-YEAR REVIEW | |||||||||
|
summing it up |
|||||||||
| INCOME STATEMENT | 2002 |
2001 |
2000 |
1999 |
1998 |
1997 |
1996 |
||
| Gross premiums (Rm) | 2,928.0 |
2,379.0 |
1,867.3 |
1,691.3 |
1,558.4 |
1,574.0 |
1,561.0 |
||
| Net premiums (Rm) | 2,379.1 |
1,983.4 |
1,591.2 |
1,451.3 |
1,371.7 |
1,354.1 |
1,339.8 |
||
| Underwriting (loss)/profit (Rm) | (21.3) | (8.7) | (13.0) | (59.5) | (58.8) | 35.3 | 23.3 | ||
| Investment income (Rm) | 129.2 | 156.2 | 170.0 | 162.1 | 160.3 | 168.0 | 133.4 | ||
| Taxation (Rm) | 20.7 | 82.3 | 101.9 | 3.3 | 21.7 | 60.9 | 43.3 | ||
| Net income attributable to members of the Company (Rm) | 115.1 | 142.3 | 186.7 | 188.6 | 162.4 | 324.8 | 153.1 | ||
| Headline earnings per share (cents) | 627.6 | 292.2 | (71.4) | 601.7 | 612.5 | 1,171.3 | 854.1 | ||
| Normal dividends per share, paid and declared (cents) | 400.0 | 700.0 | 700.0 | 590.0 | 475.0 | 450.0 | 350.0 | ||
| Special dividends per share (cents) | – | – | 4,900.0 | – | – | – | – | ||
| Normal dividend cover on headline earnings | 1.6 | 0.4 | (0.1) | 1.0 | 1.3 | 2.6 | 2.5 | ||
| |
|||||||||
| BALANCE SHEET | |||||||||
| Investments | |||||||||
| – Fixed properties (Rm) | 29.9 | 57.4 | 52.7 | 50.5 | 46.9 | 56.9 | 59.7 | ||
| – Mortgages and loans (Rm) | 44.8 | 54.5 | 19.3 | 24.2 | 263.3 | 295.0 | 298.3 | ||
| – Government and other approved securities (Rm) | 190.7 | 178.7 | 192.4 | 426.4 | 291.6 | 317.0 | 128.3 | ||
| – Other fixed interest securities (Rm) | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.7 | 4.8 | ||
| – Shares (Rm) | 489.5 | 667.2 | 715.5 | 993.2 | 838.6 | 915.9 | 949.1 | ||
| Total (Rm) | 755.0 | 957.9 | 980.0 | 1,494.5 | 1,440.6 | 1,585.5 | 1,440.2 | ||
| Bank and cash balances (Rm) | 683.0 | 598.6 | 453.1 | 579.3 | 414.2 | 509.8 | 564.5 | ||
| Total assets (Rm) | 2,667.4 | 2,573.1 | 1,991.9 | 2,570.3 | 2,099.4 | 2,267.9 | 2,279.4 | ||
| Net asset value per share (cents) |
8,002 | 8,321 | 7,987 | 13,079 | 10,063 | 11,598 | 11,021 | ||
| Solvency margin (%) | 43.3 | 53.9 | 60.3 | 110.0 | 89.4 | 104.5 | 100.4 | ||
| Share price (cents) | 8,500 | 10,000 | 8,000 | 10,000 | 10,600 | 16,000 | 9,850 | ||