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OUTsurance Group (OUT) investor relations material
OUTsurance Group H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong organic premium growth across core markets despite low premium inflation and macroeconomic headwinds, with notable contributions from South Africa, Australia, and Ireland.
Operating profit increased by 30.3% year-over-year, driven by improved claims outcomes and cost discipline.
OUTsurance South Africa delivered robust profit growth and underwriting results; Youi's performance was dampened by elevated natural peril claims.
OUTsurance Ireland showed strong premium growth but remains in expected loss phase, with operating losses peaking as anticipated for a new market entrant.
Strategic focus remains on organic growth, cost efficiency, and system modernization.
Financial highlights
Normalized earnings rose 18.5% to ZAR 5.6 billion; normalized EPS up 18.3%.
OUTsurance Holdings normalized earnings up 20.9% to ZAR 6 billion.
OUTsurance South Africa operating profit up 62.4% to ZAR 5.09 billion.
Youi operating profit down 6.5% to ZAR 2.8 billion due to natural perils.
OUTsurance Life operating profit declined 7.1%, but value of new business grew 41.5%.
Outlook and guidance
Large runway for growth in core direct markets due to low market shares and operational momentum.
OUTsurance Ireland expected to reach monthly break-even by FY2029, with further scaling in FY2027.
Continued cost efficiency and systems modernization targeted for further operational gains.
Reinsurance attachment points unchanged, supporting improved earnings volatility profile.
Strategic simplification ongoing, including planned disposal of Polar Star and potential OHL roll-up.
- Earnings up 7.7%, ordinary dividend up 36.2%, with strong SA growth and special dividend declared.OUT
H1 2026 - Double-digit growth in premiums and earnings, with robust profitability and strong outlook.OUT
H2 2025 - Strong financial results and all resolutions passed with overwhelming shareholder support.OUT
AGM 2024 - Strong premium growth, higher earnings, and strategic expansion drive OUTsurance's 2024 results.OUT
H2 2024 - Earnings up 52.9% on strong premium growth, improved claims, and higher dividend.OUT
H1 2025
Next OUTsurance Group earnings date
Next OUTsurance Group earnings date
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