Discovery keeps dividend unchanged despite profits falling by double digits
20 February 2020 - 09:34
SA’s largest private health insurer, Discovery, kept its interim dividend for its half-year to end-December unchanged at 101c, reporting a double-digit profit fall as it grapples with historically low interest rates in the UK.
The group’s Vitality Life business had swung into a loss after it implemented an interest-rate hedge structure to mitigate exposure to further lowering of UK interest rates...
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