DSY
DSY
DSY - Discovery - PruHealth doubles gross premiums, 108 000 lives now covered
DISCOVERY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/007789/06)
ISIN: ZAE000022331
Share Code: DSY
("Discovery")
19 April 2007
PruHealth doubles gross premiums, 108 000 lives now covered
Launches programme to sell health insurance to Boots customers
Discovery`s joint venture with the Prudential in the UK, PruHealth, continued to
enjoy strong growth in the first quarter of 2007, according to quarterly numbers
released by Prudential plc today.
PruHealth had 108 000 lives on its books by the end of March, after breaching
the 100 000 level in February. Gross written premiums came in at GBP16 million,
100 per cent up on the GBP8 million achieved in the same period last year.
CEO of PruHealth, Shaun Matisonn, expressed pride at the continuing strong
numbers being achieved by PruHealth. "This is further ratification of our view
of the universal validity of Discovery`s founding principle of making people
healthier and enhancing and protecting their lives," says Matisonn.
PruHealth further announced an exclusive arrangement with Alliance Boots to
promote private medical insurance as part of the leading retailer`s Health Club
offering. Boots is the UK`s leading health and beauty retailer. It has
approximately 1 500 stores in the UK and Irish Republic and serves around eight
million customers every week.
Boots Health Club offers its 1.5 million members personalised health
information, advice and money off health-related products and services. Boots
Health Club members will qualify for half-price health insurance premiums for
the first year, and get access the Discovery-pioneered wellness programme
Vitality.
PruHealth has also launched new Trust and Self-Insured scheme products from this
month to strengthen its position in the corporate market.
"We are thus strengthening our distribution on two fronts, through both the
corporate and direct-to-consumer markets," says Matisonn.
Distributed by : Beachhead Media & Investor Relations
Patrick Lawlor 011 214 2410/ 082 459 6709 / patrick@bmsa.co.za
On behalf of : Adrian Gore, CEO Discovery
011 529 2800
Shaun Matisonn, CEO PruHealth
+44 207 258 6024
Date: 19/04/2007 08:38:45 Produced by the JSE SENS Department.
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