BIHL post solid profit growth

This was largely due to the strong performance by its two flagship insurance and asset management arms. Despite the difficult domestic and global economic environment, both Botswana life Insurance Limited (BLIL) and BIFM Holdings each recorded a 30 percent surge in operating profit.

Profit after tax for the group was however flat at P238 million. In the period, the group’s net premium income grew by 15 percent to P997 million and the value of the new business increased by 84 percent to P72 million while the profit attributable to equity holders remained flat at P234, 6 million compared to the same period last year.