AVBOB Integrated Annual Report 2018

HIGHLIGHTS 2018 Net new insurance business grew by 9.2% during the year, and 180.4% over the past seven years. Premium income increased by 16.1% during the year to R3,6 billion, and 181.5% over the past seven years. A return of 43.2% on capital, before the improvement of policyholder benefits, was achieved. Total assets increased by 176.3%. Over the past seven years to R17,1 billion. The number of policyholders increased by 63.2% over the past seven years, from 1,19 million at 30 June 2011 to 1,95 million at 30 June 2018. Funerals conducted increased by 9.2%, and 39.4% over the past seven years. The Group has been certified for the second year as a Top Employer. The Society was voted the winner of the Financial Services: Funeral Cover Category in the 2018/2019 Icon Brands Survey for the second consecutive year. The AVBOB Poetry project won four Prism Awards that recognise excellence in Public Relations. 10