• Inside Labour

    Away with empty rhetoric and slogans - labour needs to focus on real issues, says Terry Bell.

  • Wrap-up: Davos insights

    Alec Hogg speaks about the top three issues at this year's World Economic Forum.

  • Netflix and SA video

    Much of Netflix's potential impact on SA has already been made, says Arthur Goldstuck.

Loading...
See More

Liberty makes a grand comeback

Feb 24 2011 08:03 Reuters

Company Data

LIBERTY HOLDINGS LIMITED [JSE:LBH]

Last traded 0
Change 0,9
% Change 0
Cumulative volume 109438
Market cap 37.64bn

Last Updated: 30-01-2015 at 03:28. Prices are delayed by 15 minutes. Source: McGregor BFA

STANDARD BANK GROUP LIMITED [JSE:SBK]

Last traded 0
Change 0,9
% Change 0
Cumulative volume 2180842
Market cap 249.39bn

Last Updated: 30-01-2015 at 03:28. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Liberty expects earnings leap

Liberty denies fraud claims

Fraud charges laid in medical aid dispute

Shrewd investors keep faith in Liberty

Liberty: Improvement, but risks remain

Liberty plants flag of hope

Stanlib may lose another big gun

 
Johannesburg - Life insurer Liberty Holdings [JSE:LBH] reported a surging rebound in full-year profit on Thursday, as the economic recovery caused fewer customers to lapse on their policies and higher stock prices boosted investments.

Liberty, a unit of Standard Bank Group [JSE:SBK], said diluted headline earnings totalled 931.6 cents in the year to end-December, compared with 15.9 cents a year earlier. The results were widely expected after the company said this month earnings likely totalled between 890 and 980 cents per share. Headline earnings, the main measure of profit in South Africa, exclude certain one-time items.

Liberty and its rivals were hit hard by the 2009 recession in Africa's largest economy, when more than a million jobs were lost and household debts surged, forcing many customers to lapse on insurance policy payments.

Insurers were also hurt by the stock market slide, which ate into the value of their equity portfolios.

Insurance premiums for the year totalled R22.8bn, compared with R22.6bn a year earlier.

Shares of Liberty are up about 7% so far this year, outperforming Johannesburg's all-share index  which is flat.
liberty holdings  |  standard bank group

NEXT ON FIN24X

 

Latest Articles

8 simple ways to earn extra money Read More...
6 motivational tips to help you save this year Read More...
Invest for Income Read More...
15 Investment Tips for 2015 Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...