| Thu 13 Aug 2009, 9:29 | | DSY - Discovery - Prudential Half Year Results |
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DSY
DSY
DSY - Discovery - Prudential Half Year Results
DISCOVERY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/007789/06)
ISIN: ZAE000022331
Share Code: DSY
("Discovery" or "the company")
PRUDENTIAL HALF YEAR RESULTS
Shareholders are referred to the half year results for Prudential plc released
today, which contains the following information in respect of PruHealth and
PruProtect. Prudential Health Limited ("PruHealth") and PruProtect are
Discovery`s joint ventures in the United Kingdom, owned equally by Discovery and
Prudential plc.
"The PruHealth joint venture uses the Prudential brand and Discovery`s expertise
to build branded distribution in Health and Protection. Since its launch,
PruHealth has developed its product and established itself rapidly in the
marketplace. It now has 210,000 lives insured, an increase of 22 per cent over
the last year. Gross written premiums for the first half were ?50 million, up 10
per cent on the same period last year. The focus for PruHealth is to increase
sales volumes, grow the in-force book and manage its claims ratio.
PruProtect, also a joint venture with Discovery, relaunched its product range in
November 2008 together with an improved distribution model, and this resulted in
sales for the first six months of GBP6 million, compared to GBP1 million in the
first half of 2008."
Sandton
13 August 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/08/2009 09:29:01 Produced by the JSE SENS Department.
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