CAPE TOWN - Insurer Liberty Holdings said on Thursday that it would continue to prioritise its business in South Africa where the company has a robust core franchise.
Liberty Group chief executive David Munro said the insurer had a clear strategy, which was progressing to plan and the company expected real evidence of its actions to come through in 2019 and 2020. “We are confident that we are on track to deliver.”
The financial services and property holding company on Thursday reported a 6 percent rise in half-year profit after it released its interim results.
In line with the group’s interim dividend policy of paying 40 percent of the prior full-year dividend, the board has approved and declared a gross interim dividend of R2.76 an ordinary share.
Normalised operating earnings increased 18 percent to R958 million. The company’s normalised headline earnings increased 5 percent to R1 332 million.