OUTsurance, the SA focused short term insurance group, expects normalised earnings to increase 18% to 24%. SA property and casualty earnings are expected to increase 40% to 46%, driven by lower claims and costs. Youi’s earnings are expected to decline 4% to 10%, mainly due to higher natural peril losses. Gross written premiums rose 15.7% and net earned premiums increased 18.7%, excluding BZI.
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