Interim group results for the six months ended 30 June 2002
Summarised income statement
30 June
30 June
31 December
Rand thousands
Note
2002
2001
2001
Gross written premium
1 356 914
1 103 406
2 378 997
Underwriting profit/(loss)
5
4 980
(16 555)
(8 682)
Investment income
6
64 807
68 173
156 207
Investment expenses
(1 884)
(3 415)
(6 753)
67 903
48 203
140 772
Exceptional item
(14 000)
–
–
Net realised
surplus on
disposal of investments
48 889
55 264
114 761
Restructuring cost
–
–
(7 175)
Impairment of investment in
Zimbabwe subsidiary
–
–
(10 000)
Operating income
before taxation
102 792
103 467
238 358
Taxation
(8 925)
(11 728)
(82 311)
Net income
after taxation
93 867
91 739
156 047
Outside shareholders'
interest therein
(545)
(1 149)
(13 744)
Net income attributable
to members of the company
93 322
90 590
142 303
Dividends – Normal
(54 808)
(54 808)
(85 257)
Retained income
38 514
35 782
57 046
