2022 AVBOB Integrated Annual Report - FINANCIALS

CHAPTER 3 | VALUE CREATION 26 INTEGRATED ANNUAL REPORT 2022 We have four strategic focus areas that drive the activities in our value-creating business model. AVBOB Funeral Service achieved a profit before taxation of R66,4 million. AVBOB Industries achieved a profit before taxation of R23,3 million. VALUE CREATION CHAPTER HIGHLIGHTS 3 Premium income grew by 10.5%. R2,3 billion was set aside for policy and member benefits. The number of policyholders grew to 2.5 million, with 8.2 million lives assured. AVBOB Funeral Service remained a market leader in the funeral industry.