Clientele interim results December 2012
Insurance premium revenue increased by 2% to R608.9 million (R598.5 million). Net attributable profit improved by 42% to R147.6 million (R104.3 million). Headline earnings from continuing operations rose by 27% to 45.23cps (35.70cps).
It is pleasing that the process of ingraining sustainability principles and practices into the Groups operations, which includes a special focus on addressing the quality of business written, is yielding the desired results which will add long-term value to the Group and its stakeholders, including the Groups policyholders. This has created the foundation on which improvements in production can be built on a sustainable basis. The Board believes that trading conditions in South Africa will continue to be difficult this year and our planning for the year ahead does not rely on significantly improved conditions.