OUTsurance Group Limited

Johannesburg Stock Exchange OUT.JO

OUTsurance Group Limited EBIT for the year ending June 30, 2024: USD 342.79 M

OUTsurance Group Limited EBIT is USD 342.79 M for the year ending June 30, 2024, a 32.35% change year over year. EBIT means earnings before interest and taxes, it is calculated as operating income plus non-operating income.
  • OUTsurance Group Limited EBIT for the year ending June 30, 2023 was USD 259.00 M, a 35.39% change year over year.
  • OUTsurance Group Limited EBIT for the year ending June 30, 2022 was USD 191.30 M, a -27.29% change year over year.
  • OUTsurance Group Limited EBIT for the year ending June 30, 2021 was USD 263.09 M, a 40.78% change year over year.
  • OUTsurance Group Limited EBIT for the year ending June 30, 2020 was USD 186.87 M, a -26.02% change year over year.
Key data
Date EBIT EBITDA Net Income EPS (Diluted)
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Johannesburg Stock Exchange: OUT.JO

OUTsurance Group Limited

CEO Mr. Marthinus C. Visser
IPO Date May 25, 2000
Location South Africa
Headquarters The Bank Building
Employees 7,000
Sector Finance
Industries
Description

OUTsurance Group Limited, an investment holding company, provides various financial products and services in South Africa, rest of Africa, the United Kingdom, China, Singapore, Australia, Japan, Europe, the United States, and internationally. It operates through Discovery, Momentum Metropolitan, OUTsurance, and Hastings segments. The company's Discovery segment develops integrated financial products and services for healthcare funding, insurance, and banking markets under the Discovery Health, Discovery Life, Discovery Insure, Discovery Invest, Discovery Vitality, VitalityHealth, VitalityLife, Ping An Health, and Discovery Bank brand names. Its Momentum Metropolitan segment provides financial services comprising life insurance, employee benefits, investments and savings, healthcare solutions, and short-term insurance to individual clients, small and medium businesses, large companies, organizations, and public enterprises under the Momentum and Metropolitan brand names. The company's OUTsurance segment offers direct personal lines and small business short-term insurance; and long-term insurance products, including death, disability, critical illness, funeral, and retrenchment cover to individuals. Its Hastings segment provides digital general insurance services in motor market, which include private car, as well as various personal insurance cover, such as home, van, and bike. The company was formerly known as Rand Merchant Investment Holdings Limited and changed its name to OUTsurance Group Limited in December 2022. OUTsurance Group Limited was founded in 1977 and is based in Johannesburg, South Africa.

StockViz Staff

January 15, 2025

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