F2019 FINANCIAL REVIEW

 

FINANCIALS – CENTRIQ GROUP

STATEMENT OF COMPREHENSIVE INCOME 31 Dec 2019
R’000
31 Dec 2018
R’000
31 Dec 2017
R’000
31 Dec 2016
R’000
GWP 4,845,671 4,098,708 2,798,919 2,399,583
NET INCOME AFTER TAX 755,024 420,697 256,238 290,348
– Attributable to ordinary shareholders 93,391 71,258 75,215 64,484
STATEMENT OF FINANCIAL POSITION 31 Dec 2019
R’000
31 Dec 2018
R’000
31 Dec 2017
R’000
31 Dec 2016
R’000
TOTAL ORDINARY SHAREHOLDER FUNDS 366,939 323,691 280,933 274,218
TOTAL SHAREHOLDER FUNDS
(including preference shareholder capital)
2,445,820 1,897,054 1,587,456 1,437,501
TOTAL FUNDS UNDER MANAGEMENT 7,707,412 6,061,121 4,553,853 3,805,182

REGULATORY BASIS – LICENCE LEVEL

CENTRIQ INSURANCE COMPANY LIMITED 31 Dec 2019
R’000
31 Dec 2018
R’000
31 Dec 2017
R’000
BASIC OWN FUNDS (Licence) 2,028,556 1,596,997 1,458,965
SOLVENCY CAPITAL REQUIREMENT (Licence diversified) 782,085 620,474 499,385
CENTRIQ LIFE INSURANCE COMPANY LIMITED 31 Dec 2019
R’000
31 Dec 2018
R’000
31 Dec 2017
R’000
BASIC OWN FUNDS (Licence) 838,831 275,438 222,493
SOLVENCY CAPITAL REQUIREMENT (Licence diversified) 360,418 74,558 65,125

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