Categories: interim results

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

Discovery delivers excellent financial results and accelerated global growth

Discovery delivers excellent financial results and accelerated global growth • Normalised headline earnings up 20% to R1 981 million • Normalised profit from operations up 19% to R2 824 million • Growth in embedded value increased 14% to R45.5 billion • New business growth of 17% to R6 663 million

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