Outsurance expects earnings to shoot up around 20% in its latest financial year, driven by its property and casualty insurance portfolios.<\/p>\n\n\n\n
The company was founded in 1998 as a short-term insurance provider, with a direct model to cut out traditional broker networks.<\/p>\n\n\n\n
It also pioneered the cash-back system, where clients would be rewarded for having no claims, with a portion of their premiums being returned.<\/p>\n\n\n\n
Outsurance has expanded since its founding, with a global presence through Youi in Australia and operations in Ireland.<\/p>\n\n\n\n
The group said in a trading statement that these operations saw success “due to higher underwriting margins resulting from lower claims and cost-to-income ratios.”<\/p>\n\n\n\n
“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,” it said.<\/p>\n\n\n\n
The group expects normalised earnings to rise by between 18% and 24%, up from approximately R5 billion in the 2025 financial period.<\/p>\n\n\n\n
The largest gain in normalised earnings is expected to come from its South African operations, with property and casualty portfolios in the country rising by 40% to 46%.<\/p>\n\n\n\n
Outsurance said it had recorded pleasing growth in premiums in these operations, despite lower premium inflation across the group.<\/p>\n\n\n\n
While Youi in Australia is expected to see earnings growth, Outsurance said the business’s performance had been dampened by higher natural-peril losses.<\/p>\n\n\n\n
“Youi\u2019s 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,” it said.<\/p>\n\n\n\n
In Ireland, the company said it has “continued to increase its presence in the Irish car and home insurance market.”<\/p>\n\n\n\n
“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.”<\/p>\n\n\n\n
Outsurance Life is also forecasting strong growth, with earnings expected to increase by between 17% and 23%.<\/p>\n\n\n\n
The company is forecasting an increase in its normalised earnings per share, which it expects to rise by between 15% to 21%.<\/p>\n\n\n\n
Its headline earnings per share are also expected to increase by between 21% and 26%, up from R2.98 per share in 2025.<\/p>\n\n\n\n
Outsurance said it considers normalised earnings per share the key indicator of the group’s operational performance.<\/p>\n\n\n\n
The company’s full financial results for the year ended 30 June are expected to be published on 10 September 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"
Outsurance is expecting strong earnings growth as it prepares to release its full financial results.<\/p>\n","protected":false},"author":131,"featured_media":862877,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2092876530225422375","_sma_facebook_post_id":"191437357620492_2187945962025803","_sma_instagram_post_id":"17898179661377042","_sma_x_attempts":1,"footnotes":""},"categories":[9872],"tags":[9653,23469,26305,26304],"class_list":["post-872267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-outsurance","tag-outsurance-ireland","tag-outsurance-life","tag-youi"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/872267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=872267"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/872267\/revisions"}],"predecessor-version":[{"id":872284,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/872267\/revisions\/872284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/862877"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=872267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=872267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=872267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}