Trading Statement – Net insurance premiums fell 1.7% to R2bn. The attrition rate on co-branded single premium business was reduced from 20% to 3%. Net insurance benefits and claims increased by 2% to R388m. The full COVID-19 risk reserve was released during the year. Operating expenses increased by 20% to R1.7 bn. HEPS rose 15% and the dividend rose 4% to 125 cents per share.
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