Shares in Discovery, SA’s largest private health insurer, fell the most in about six months on Monday after it warned in a trading update that its UK life business would post a surprise interim loss.

Discovery attributed the result to the cost of an interest rate hedge and “generally difficult operating environment” in the UK but did not provide further information.

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now