Discovery reports profit slump due to Covid-19
The insurance group has set aside a R3.4bn reserve to cater for future Covid-19-related claims and policy lapses
16 September 2020 - 08:58
Insurance group Discovery has reported that profits plummeted in the year to end-June, as it braces for the fallout from Covid-19.
Profit for the year to end-June decreased 97% to R176m, with the group setting aside R3.4bn to cater for future Covid-19-related claims and policy lapses...
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