OUTsurance Group Ltd 2020 IR
The report outlines Rand Merchant Investment Holdings Limited's (RMI) financial and operational performance for the fiscal year ended June 30, 2020. Despite the challenges of the COVID-19 pandemic, RMI's portfolio companies demonstrated operational resilience, although consolidated normalised earnings decreased by 24% to R3.1 billion due to significant provisions raised by Discovery and Momentum Metropolitan. Key highlights include the partnership with Sampo plc to take Hastings private and the sale of Youi New Zealand to focus on the Australian market. RMI also reported its maiden profit from RMI Investment Managers and continued to support next-generation financial services through AlphaCode.
Company: OUTsurance Group Ltd
Sector: Finance & insurance
Country: South Africa
Year: 2020
Type: IR
Pages: 80
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OUTsurance Group Ltd
Integrated Report
The report outlines Rand Merchant Investment Holdings Limited's (RMI) financial and operational performance for the fiscal year ended June 30, 2020. Despite the challenges of the COVID-19 pandemic, RMI's portfolio companies demonstrated operational resilience, although consolidated normalised earnings decreased by 24% to R3.1 billion due to significant provisions raised by Discovery and Momentum Metropolitan. Key highlights include the partnership with Sampo plc to take Hastings private and the sale of Youi New Zealand to focus on the Australian market. RMI also reported its maiden profit from RMI Investment Managers and continued to support next-generation financial services through AlphaCode.
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Document Details
Report Year
2020
Reporting Period
Jul 1, 2019 - Jun 30, 2020
Fiscal Year
2020
Published
Oct 28, 2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees