Skip to content

Topics: Annual and interim reports

Vitality model saves more than two million life years for its customers in 2022

Vitality model saves more than two million life years for its customers in 2022

Discovery’s 2022 Sustainability Report quantifies the positive impact of its model for customers and society – and sets a goal of incentivising one billion healthy activities a year by 2030. In the 2021 financial year, Discovery recorded 470 million healthy activities, and returned R11.4 billion in value to customers through its shared-value model and impacted nearly 40 million lives.

Discovery’s Group Chief Executive, Adrian Gore, today shared the Group’s full-year results for the period ended 30 June 2022 with the investor community

Discovery posts strong operating full-year results in challenging macro-economic environment

Discovery reported its’ full-year results for the period ended 30 June 2022 today.
Highlights:
The strong operational performance of all three main business areas, the SA composite, the UK composite and Vitality Global demonstrates the relevance of the Vitality Shared-value business model and the value it delivers to clients and broader society New business initiatives grew strongly, led b

Discovery posted a strong operating performance across the all businesses, despite the ongoing challenge of the COVID-19 environment

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

Today, Discovery Health announced the latest in business innovations and product enhancements designed around quality care for Discovery Health Medical Scheme (DHMS) members.

Discovery Health boosts access to cutting-edge digital healthcare innovation in 2021

Discovery Health has invested extensively in a digital healthcare ecosystem to enhance the quality and experience of healthcare for members of DHMS. This investment includes the adoption and funding of digital healthcare technology, digital tools for members and doctors, integration with health monitoring devices and sophisticated data analytics.

Discovery Health Medical Scheme (DHMS) annual contribution increases are calculated based on medical inflation (the year-on-year increase in healthcare costs).

Contribution freeze for Discovery Health Medical Scheme members until July 2021

“Each year we strive for the lowest possible contribution increase. For the first six months of 2021, DHMS will deliver a contribution freeze for all scheme members across all plans, mindful of and sensitive to the financial pressures facing individuals at this time within the country’s stressed economic climate.

Discovery reports resilient full year performance

Discovery reports resilient full year performance

Discovery Group Chief Executive, Adrian Gore, presented Discovery’s results for the year ended 30 June 2020 confirming the Group’s financial strength and strategic relevance.

A snapshot of Discovery's Life 2019 claims experience

2019 Discovery Life claims insights and COVID-19 trends

During 2019, Discovery Life paid out R4.8 billion to policyholders, including a total of R1.2 billion through the PayBack benefit. In addition, Cash Conversions to the value of R2.8 billion are expected to mature over the course of the next 5 years. Breakdown per benefit: • R2.28bn in life cover • R1.1bn Severe Illness Benefit • R816m Disability benefit • R375m income Continuation Benefit

By not reducing the interest rate on its savings accounts now, Discovery Bank creates opportunity to lock in a higher interest on money in savings accounts for the duration of the investment; unaffected by the 0.25% interest rate reduction.

Discovery Bank offers locked-in interest rate on savings

In line with National Savings Month, Discovery Bank will postpone implementing the interest rate reduction announced yesterday and will keep the interest rates on all its savings accounts as is for the next 14 days. The interest that Discovery Bank charges its clients on their borrowings will, however, be reduced with effect from July 24 2020.

Discovery Business Insurance updates address the changing needs of SMEs

Discovery Business Insurance updates address the changing needs of SMEs

Discovery Insure CEO, Anton Ossip, announced enhancements to Discovery Business Insurance’s offering, including a partnership with MTN to give businesses up to 50% back on their monthly data costs, capital support for the retail sector in partnership with Merchant Capital, as well as the Dynamic Distance Cash Back to reward people for driving less during the COVID-19 pandemic.

The new product, available exclusively to Discovery Insure clients, comprises comprehensive and market-leading mechanical breakdown and electrical failure cover for 36 critical vehicle components, with no cover limits.

Discovery Insure and Motus Financial Services partner on new warranty product

Discovery Insure's warranty product covers a comprehensive list of critical components, with no limits. This product encourages good driving with premiums based on a driver’s specific driving profile, as well as the unique circumstances of the vehicle compared to a market where premiums tend to be undifferentiated irrespective of how good a driver you are.

Discovery Group Chief Executive, Adrian Gore, delivered the Group’s results for the six months ended 31 December 2019 today in Sandton.

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

Show more