Sasria still recovering from 2021 riots
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GUEST – Dirk Kunz - Sasria’s Chief Financial Officer
Financial Highlights:
•Total assets increased to R16.4 billion (2023: R14.1 billion).
•Insurance revenue grew by 17.67% to R5.25 billion (2023: R4.46 billion).
•Profit for the year stood at R3.33 billion, reflecting Sasria's operational resilience and efficiency.
•Investment income saw a notable rise to R1.02 billion (2023: R693 million).
•Accumulated losses improved from R11.19 billion in 2023 to R7.86 billion, bolstering Sasria's equity position.
•Reinsurance Costs: Net reinsurance expenses increased slightly to R1.33 billion, suggesting that Sasria continues to manage its risk exposure effectively, although reinsurance costs remain a considerable expense.
Financial Highlights:
•Total assets increased to R16.4 billion (2023: R14.1 billion).
•Insurance revenue grew by 17.67% to R5.25 billion (2023: R4.46 billion).
•Profit for the year stood at R3.33 billion, reflecting Sasria's operational resilience and efficiency.
•Investment income saw a notable rise to R1.02 billion (2023: R693 million).
•Accumulated losses improved from R11.19 billion in 2023 to R7.86 billion, bolstering Sasria's equity position.
•Reinsurance Costs: Net reinsurance expenses increased slightly to R1.33 billion, suggesting that Sasria continues to manage its risk exposure effectively, although reinsurance costs remain a considerable expense.