September 25, 2016 5:00 PM ET

Insurance

Company Overview of Zurich Insurance Company South Africa Limited

Company Overview

Zurich Insurance Company South Africa Limited, together with its subsidiaries, provides short-term insurance products and services to individual, commercial, and corporate customers in South Africa and Botswana. The company operates in three segments: Corporate, Commercial, and Personal. It offers property, transport, motor, engineering, guarantee, liability, and accident and health insurance products. The company’s products include body corporate insurance; collectibles insurance for retailers, wholesalers, jewelry manufacturers, diamond and art dealers, and collectors of rare and valuable objects; commercial insurance coverage for medium to large enterprises; and directors and officers ins...

15 Marshall Street

Ferreirasdorp

Johannesburg,  2001

South Africa

Founded in 1965

Phone:

27 11 370 9111

Fax:

27 86 000 4221

Key Executives for Zurich Insurance Company South Africa Limited

Chief Executive Officer, Director, Chairman of Risk & Control Committee, Member of Asset/Liability Management Investment Committee and Member of Social, Ethics & Transformation Committee
Age: 49
Chief Financial Officer, Public Officer and Executive Director
Chief Operations Officer and Executive Director
Chief Claims Officer
Age: 45
Chief Underwriting Officer
Age: 42
Compensation as of Fiscal Year 2016.

Zurich Insurance Company South Africa Limited Key Developments

Zurich Insurance Company South Africa Limited Reports Revenue Results for the Full Year of 2015

Zurich Insurance Company South Africa Limited reported revenue results for the full year of 2015. For the period, the company reported total gross written premiums totaled $311 million in 2015, down from $341 million 2014.

Zurich Insurance Company South Africa Limited To Be Delisted From JSE

Holders of Zurich Insurance Company South Africa Limited ordinary shares ("Shareholders") are referred to the circular issued on August 7, 2015 regarding the scheme of arrangement ("Scheme") proposed by SA Fire House between Zurich and its Shareholders (other than SA Fire House) in terms of which SA Fire House will acquire all Zurich ordinary shares ("Shares") not already held by it from Shareholders and all the Shares will subsequently be delisted from the stock exchange operated by the JSE Limited ("Delisting").

Zurich Insurance Company South Africa Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

Zurich Insurance Company South Africa Limited announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the six months, the company reported net written insurance premium of ZAR 1,411,609,000 compared to ZAR 1,607,264,000 a year ago. Net income 1,588,273,000 compared to ZAR 1,823,930,000 a year ago. Profit from operating activities was ZAR 8,656,000 compared to loss from operating activities of ZAR 59,566,000 a year ago. Loss before tax was ZAR 1,884,000 compared to ZAR 67,593,000 a year ago. Profit was ZAR 114,000 or 1 cent per basic and diluted share compared to loss of ZAR 40,029,000 or 329 cents per basic and diluted share a year ago. Cash flows from operations were ZAR 71,393,000 compared to ZAR 270,372,000 a year ago. Headline loss was ZAR 429,000 or 4 cents per share compared to ZAR 75,553,000 or 620 cents per share a year ago. As at June 30, 2015, the company’s net asset value per share was 14,737 cents compared to 14,891 cents a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 6, 2016
--
Merger/Acquisition
October 29, 2015
Gem & Jewel Acceptances (Pty) Ltd.
 

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