Highlights

Insurance premium revenue		14.6%

Net asset value		13.7%

Headline earnings		24.5%


Zurich Insurance Company South Africa Limited (Formerly South African Eagle Insurance Company Limited) (Incorporated in the Republic of South Africa) (Registration number 1965/006764/06) Share code: ZAE ISIN: ZAE000094496 (“the Group ”)

Commentary

Notwithstanding that the industry continues to operate in a competitive market, with an increased claims pattern, the Group achieved an improvement in the underwriting result for the current period compared to that for the corresponding six months last year. Premium revenue increased by 14.6% compared to 2006, which reflects satisfactory growth in a competitive market. This was achieved notwithstanding the negative impact of reductions in premium revenues from its
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