Discovery flags profit growth as client retention beats expectations
New business trends in the UK and SA continue to improve, while provisions are expected to be sufficient for a fifth wave of Covid-19
18 February 2022 - 09:04
SA’s largest private health insurer Discovery has flagged an up to 10% rise in profits for its half-year to end-December, boosted by better than expected client retention and a strong performance from Discovery Bank.
Normalised profit from operations is expected to rise 5%-10% in the six months to end-December, Discovery said in an update, which was in spite of R3.4bn in Covid-19 claims, a record for the pandemic...
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