Liberty Holdings said it is confident the narrowing of its focus to the local retail market and correct product pricing will help arrest the weakness of its shares, which have traded at a 40% discount to its underlying value.  SA’s third largest life insurer, which has a market capitalisation of about R30.9bn, has been on a renewal journey, offloading its medical scheme business and is in the process of exiting some African operations to focus more on the SA retail market. “We’ve fixed the business from where it used to be. There are no major cracks anymore. We are now into horizon two where we want to take the share price to the level where the value of Liberty is reflected for what it is,”  said Liberty’s managing executive for customer and adviser experience, Johan Minnie.Speaking at the company’s intermediary conference on Thursday, Minnie said the insurer acknowledged that people were concerned about its performance, particularly the share price movement. It also did not help ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now