BIHL profit jumps on economic recovery

Thursday, March 06, 2014

An improving economy helped diversified financial giant, BIHL Group, bounce back to increased profitability last year after a challenging 2012, reflecting abating pressure on households.

On the back of improved life insurance new business, BIHL’s profitability rose 25% to P494 million in the year to December 2013, a sharp recovery from the 16% decline registered in the prior year.

In a statement accompanying the results, BIHL says business recovered last year, in line with the domestic and global economy. Its life insurance business, its flagship, showed a robust 26% growth in new individual life premium income.

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BIHL profit jumps on economic recovery

An improving economy helped diversified financial giant, BIHL Group, bounce back to increased profitability last year after a challenging 2012, reflecting abating pressure on households.

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

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