OUTSURANCE: Robust Earnings and Diversified Growth Ahead

  • OUTSURANCE GROUP LIMITED reports strong earnings for the year ending June 2023.
  • OUTsurance Holdings Limited's performance drives positive outcomes, with Youi Group showing significant growth.
  • The group's expansion into Ireland presents exciting opportunities for diversified long-term growth.

OUTSURANCE GROUP LIMITED (OGL) recently released a voluntary trading update for OUTSURANCE HOLDINGS LIMITED (OHL) and a trading statement for the group for the year ending 30 June 2023. The announcement comes after a series of strategic decisions that have significantly impacted the group’s earnings base, leading to positive impacts on earnings from continuing operations.

Diversified Growth in OUTsurance Holdings Limited

The group’s earnings base for the year ended 30 June 2023 was primarily influenced by the performance of its subsidiary OUTsurance Holdings Limited (OHL). As the owner of OUTsurance South Africa and Youi Australia insurance operations, OHL has been a driving force behind the group’s financial performance. Notably, OGL’s expansion into the Republic of Ireland is on the horizon, presenting an exciting opportunity for diversified long-term growth. The company has initiated an authorization process, and if successful, a market entry in Ireland is anticipated during the second half of the 2024 financial year.

The voluntary trading update reveals that OHL’s performance for the year was positively impacted by a significant increase in earnings from Youi Group. This outcome is attributed to robust premium growth, a decrease in natural perils claims due to favorable weather exposure, and higher investment income driven by the rising interest rate environment.

Strategic Review of OUTvest

The group recently conducted a strategic review of its subsidiary, OUTvest, which currently remains a sub-scale business. In light of the review, OGL is considering a restructuring plan for OUTvest, including the possibility of a disposal. The company has assured shareholders that client investments will remain unaffected, and all client obligations will continue to be honored without any operational disruptions. As a regulated Financial Services Provider and a wholly-owned subsidiary of OHL, OUTvest plays a significant role in the group’s overall strategy.

Financial Guidance for Shareholders

The trading statement provides valuable insights into OGL’s expected earnings for the year ending 30 June 2023. The guidance is presented in a table format below:

Reported Year Ended 30 June 2022 (cents)Guidance for Year Ended 30 June 2023Expected % Increase/DecreaseExpected Range (cents)
Continuing Operations
Normalised Earnings per Share115.855% to 65%179.5 to 191.1
Headline Earnings per Share95.095% to 105%185.3 to 194.8
Earnings per Share94.195% to 105%183.5 to 192.9
Continuing and Discontinued Operations
Normalised Earnings per Share192.8(10%) to 0%173.5 to 192.8
Headline Earnings per Share169.75% to 15%178.2 to 195.2
Earnings per Share1,463.2(90%) to (80%)146.3 to 292.6

OGL considers normalised earnings (excluding non-operational items and accounting anomalies) as the key indicator of the group’s operational performance.

Positive Outlook and Financial Reporting

The voluntary trading update and trading statement paint a promising picture for OUTSURANCE GROUP LIMITED. The positive earnings projections, particularly from continuing operations, indicate the success of strategic decisions made by the group. These decisions include the disposal of Hastings Group (Consolidated) Limited (Hastings), the settlement of preference share debt, and the unbundling of interests in Discovery Limited (Discovery) and Momentum Metropolitan Holdings Limited (Momentum Metropolitan).

As OUTSURANCE GROUP LIMITED continues to grow its presence in South Africa and Australia and gears up for potential expansion into Ireland, shareholders can look forward to a strong financial performance in the coming years.

The financial results for the year ending 30 June 2023 are expected to be released on the Stock Exchange News Service (SENS) on Friday, 15 September 2023. The responsibility for the financial information on which this update is based lies with OGL’s directors and has not been reviewed by the group’s external auditor.

In conclusion, OUTSURANCE GROUP LIMITED’s focus on diversified growth and strategic decision-making have paved the way for a prosperous future, with the potential for enhanced value for shareholders and stakeholders alike.

Visited 1 times, 1 visit(s) today

Stay ahead in the financial world – Sign Up to Rateweb’s essential newsletter for free. Get the latest insights on business trends, tech innovations, and market movements, directly to your inbox. Join our community of savvy readers and never miss an update that could impact your financial decisions.

Do you have a news tip for Rateweb reporters? Please email us at


Start trading with a free $30 bonus

Trade stocks, forex, commodities, metals and CFDs on stock indices with an internationally licensed and regulated broker. For all clients who open their first real account, XM offers a $30 trading bonus without any initial deposit needed. Learn more about how you can trade over 1000 instruments on the XM MT4 and MT5 platforms from your PC and Mac, or from a variety of mobile devices.


Personal Financial Tools

Below is a list of tools built to assist South Africans to make the best financial decisions:



South Africa’s primary source of financial tools and information

Contact Us



Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.