Discovery delivers strong operating performance during the pandemic and continued evolution of the Shared-value Insurance model
Johannesburg, 2 September 2021 – Adrian Gore, Discovery Group Chief Executive, today presented the Group’s full-year results for the period ended 30 June 2021 to the analyst community. Discovery posted a strong operating performance across the all businesses, despite the ongoing challenge of the COVID-19 environment which manifested in a far higher COVID-19-related mortality in South Africa, compa
Vitality joins Reach For a Dream in Guinness World Record attempt to raise funds for children with life-threatening illnesses
Johannesburg, 8 June 2021 | Vitality is proud to partner with Reach For A Dream in their Cooking for Dreams initiative, along with DHL and Woolworths. The virtual cook-along, hosted by celebrity chefs J’Something and David Higgs, will gather enthusiastic cooks across South Africa virtually in an attempt to break a Guinness World Record for the most people cooking online at once, while raising fund
Discovery wins at the Efma–Accenture Innovation in Insurance Awards 2021
Discovery took home Gold in the Core Insurance Transformation category and Silver in the Global Innovator category at the Efma-Accenture Innovation in Insurance Awards. The virtual ceremony showcased the best examples of insurance innovations across the globe.
Discovery’s Roseanne Harris elected President of International Actuarial Association
Professor Harris has been a member of the Executive Committee of the International Actuarial Association since 2018 and among other roles, has served as the Chair of the Health and Education Committees of the Actuarial Society of South Africa, and as the President of the Actuarial Society of South Africa in 2016 and 2017.
Supporting Solidarity Fund and other initiatives during COVID-19; Discovery executives heed President’s call to donate part of their salaries
In alignment with the example set by the President and his Executive last week, the Discovery Board Chair, Chief Executive and the Discovery Board in its entirety (including both Executive and Non-Executive Directors) will donate a third of their salaries and fees over the next three months to efforts to fight the pandemic.
Discovery delivers robust half-year results with elevated investment in strategic new initiatives
The Group highlighted results for the period ended 31 December 2019, characterised by substantial investment in new initiatives and a strong performance from the core businesses with the exception of VitalityLife: • Net asset value increased by R1 598 million • Total new business API increased 17% to R11 116 million • Normalised profit from operations decreased 7% to R3 551 million
Ground-breaking global study shows how fitter bodies could lead to a fitter SA economy with potential growth of $500 million (+R7 billion) a year
• Vitality and RAND Europe publish a ground-breaking, global study on the economic impact of physical inactivity • The 23-country study assesses how different physical activity improvement scenarios may affect the economy of countries up to 2050, and shows the significant influence of regular exercise on economic growth, workforce productivity and life expectancy
Vitality-linked insurers to get 100 million people 20% more active by 2025
Building on the results of the largest behaviour change study on physical activity, Vitality and its global network of insurers have committed to making 100 million people more active over the next seven years, aligned to the World Health Organizations’ Global Action Plan on Physical Activity.
Optimism after a lost decade
Today at the 2018 Discovery Leadership Summit held in Sandton, business leaders emphasised the irrefutable case for economic growth. This is central to turning around the country since the 2008 financial crisis and the challenges associated with state capture.
Discovery delivers strong results as the Group launches new businesses and develops its bank and Global Vitality Platform
Annual results show excellent performance across Discovery’s businesses with disciplined allocation of capital and cash.
Sumitomo Life launches Vitality in Japan
Bringing the number of countries in which the Vitality Shared-Value Insurance model is available to 18.