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Trading update and trading statement for the year ended 30 June 2026
OUTSURANCE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2010/005770/06)
ISIN: ZAE000314084
Share code: OUT
("OGL")
TRADING UPDATE AND TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2026
1. TRADING UPDATE FOR OUTSURANCE HOLDINGS LIMITED (OHL)
The OHL Group delivered a strong operational and financial performance for
the year ended 30 June 2026 (current financial year). The normalised earnings
of the OHL Group (92.8%-held by OGL) were influenced by:
• Stand-out earnings growth delivered by the South African property and
casualty insurance operations due to higher underwriting margins
resulting from lower claims and cost-to-income ratios. There was a
substantial reduction in the share-based payments expense due to the
replacement of the Employee Share Option Scheme with the Conditional Share
Plan (CSP). The CSP is significantly less geared to share price movements;
• Youi’s strong operational performance was dampened by the higher natural
perils losses which particularly impacted the results of the first half
of the current financial year;
• OUTsurance Life delivered a strong operational performance marked by
excellent new business growth and improved cost efficiency following a
period of simplification. However, earnings growth was impacted by the
high base in the prior financial year which benefitted from the favourable
net impact of yield movements on profit; and
• OUTsurance Ireland continued to increase its presence in the Irish car
and home insurance market. The monthly operating loss profile started to
decline as the business moved through its peak loss period in the first
half of the financial year.
Shareholders are advised that normalised earnings for OHL and its major
operating subsidiaries for the current financial year are expected to fall
within the ranges provided below:
Guidance for the
year ended
Reported 30 June 2026
Year ended Expected %
30 June 2025 increase/
R million (decrease)
OHL (Group consolidated) 4 962 18% to 24%
OUTsurance SA (property and casualty) 2 928 40% to 46%
Youi Group 2 290 (4%) to (10%)
OUTsurance Life 349 (17%) to (23%)
OUTsurance Ireland (402) (13%) to (19%)
The OHL Group recorded pleasing gross written and net earned premium growth
across its property and casualty insurance operations, despite lower premium
inflation across the Group. Gross written premium (excluding BZI) increased
by 15.7% and net earned premium (excluding BZI) increased by 18.7%.
2. TRADING STATEMENT FOR OUTSURANCE GROUP LIMITED
RMI Treasury Company’s associate did not repeat the strong earnings
performance of the prior financial year. This outcome resulted in the
normalised earnings growth rate differential between the OHL and OGL Groups.
The following guidance is provided to OGL shareholders regarding the OGL
Group’s expected normalised earnings per share (NEPS), headline earnings per
share (HEPS) and earnings per share (EPS) for the current financial year:
Guidance for the year ended
Reported 30 June 2026
Year ended
30 June 2025 Expected Expected range
(cents) % increase (cents)
NEPS 306.2 15% to 21% 352.1 to 370.5
HEPS 298.3 21% to 26% 360.9 to 375.9
EPS 306.2 16% to 22% 355.2 to 373.6
OGL regards normalised earnings (which excludes non-operational items and
accounting anomalies) as the key indicator of the OGL Group’s operational
performance.
The financial information on which this trading update and trading statement
is based is the responsibility of the OGL directors and has not been reviewed
and reported on by the OGL Group’s external auditor.
OGL’s financial results for the year ended 30 June 2026 are expected to be
released on SENS on Thursday, 10 September 2026.
Centurion
27 August 2026
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 27/08/2026 06:00:00
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