BIHL group achieved a 74% increase of profit growth worth P774 million for equity holders

Before we begin, I want to announce something;

Starting today until further changes I will be segmenting all these articles into categories, this is to structure content properly and make it easy for you to anticipate the content you will be receiving, so here’s the weekly breakdown;

• Monday & Tuesday for Stock market news

• Wednesday for Investment talk (definitions, books to read, lessons from experienced investors etc)

• Thursday for company insights (reports, earnings, shareholders etc)

• Friday & Saturday for economic news

• Sunday for Deep dive research about a company or individual who are not well known but doing well

So expect this focus for the days.

This section is about company insights Thursdays, and we’re covering the company Bihl group’s 2023 integrated annual report 2023 , let’s get into it;

Here are two separate newsletter articles for young investors, based on the financial performance and shareholder insights of BIHL (Botswana Insurance Holdings Limited) from the provided report.

Financial Performance - A Strong Year for BIHL

Title: BIHL Surges Ahead: 2023 Financial Highlights for Young Investors

BIHL delivered a stellar financial performance in 2023, demonstrating resilience and strategic growth amidst global economic uncertainties. Here are the key financial insights that young investors should note:

1. Profit Growth: Profit attributable to equity holders increased by an impressive 74% to P774 million, highlighting robust profitability.

2. Core Earnings: The group achieved core earnings of P873 million, marking a significant 195% growth compared to the prior year.

3. Asset Management Success: Assets under management (AUM) grew by 16% to reach P44 billion, showcasing BIHL’s ability to capitalize on investment opportunities and enhance value for stakeholders.

4. Dividend Distribution: BIHL paid a total of P754 million in dividends, nearly doubling the prior year's payout. This includes a final dividend of P313 million and a special dividend of P251 million.

5. Investment Performance: The investment service result swung from a loss of P121 million in 2022 to a gain of P315 million in 2023, reflecting improved market conditions and strategic management.

6. Solvency and Stability: The company remains well-capitalized, with required capital covered seven times over, underscoring financial stability.

For you, BIHL’s strong growth and ability to navigate challenging environments make it an intriguing prospect. The group’s focus on sustainable growth, diverse revenue streams, and market leadership in life insurance and asset management ensure a solid foundation for future opportunities.