PPS For Professionals
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  • Archive
  • Integrated Report For PPS Namibia Members
  • Agm Notice And Downloads
  • Annual Financial Statements 2023
  • Governance Report
  • Highlights 2023
  • Report to Members
  • Integrated Report 2023

    • Message from our Group CEO, Izak Smit:

    "It is my privilege to present the PPS Financial highlights for 2023, celebrating another year of successfully providing our members with customised financial services solutions and returning value to them in many different ways. The strength and resilience of our mutual model continues to prove itself, and as we face new challenges and opportunities, we are building on them to provide even more significant benefits for our members."

    Every working day in 2023, PPS paid an average of

    R16 million

    CLAIMS STATISTICS

    Claims
    per benefit

    Flipped

    Sickness benefit

    DOWN 9% from 2022

    R949.5 million

    Sickness benefit

    Permanent
    Incapacity benefit

    UP 13% from 2022

    R849.1 million

    Permanent Incapacity benefit

    Life Cover

    UP 44% from 2022

    R1.38 billion

    Life Cover

    Critical Illness Cover

    UP 34% from 2022

    R556.4 million

    Critical Illness Cover

    Lump-sum
    Disability benefit

    DOWN 45% from 2022

    R102.6 million

    Lump-sum Disability benefit

    In 2023

    We paid

    R6.12 billion

    in gross benefits to our members
    We made

    11 025

    Profit-Share Millionaires
    We paid

    R165.1 million

    in car and home claims
    KPIs 2023
    Gross premium income
    Goal
    6.2
    Performance
    6.2
    R billions
    Investment return
    Goal
    10.7%
    Performance
    10.9%
    %
    Efficiency ratio
    Goal
    18.40%
    Performance
    18.90%<
    %
    New annual risk premiums (long-term insurance)
    Goal
    300.0
    Performance
    254.4
    R millions
    Assets under administration (PPS Investments)
    Goal
    77.5
    Performance
    84.0
    R billions
    Number of new members recruited during the year
    Goal
    9325
    Performance
    7611
    Long-term insurance policies lapse rate
    Goal
    4.1%
    Performance
    4.70%
    %
    Health claims
    Goal
    2.3
    Performance
    2.5
    R billions
    Death claims
    Goal
    1.2
    Performance
    1.4
    R billions
    Employee satisfaction survey results
    Goal
    72%
    Performance
    73%
    %
    Training spend as a percentage of payroll
    Goal
    > 4.0
    Performance
    5.8
    R billions
    Gross premium income New annual risk premiums (long-term insurance)
    € 183,308.85
    Investment return New gross written premiums (short-term insurance)
    € 183,308.85
    Efficiency ratio New investment inflows
    € 183,308.85
    Gross premium income New annual risk premiums (long-term insurance)
    € 183,308.85
    Investment return New gross written premiums (short-term insurance)
    € 183,308.85
    Efficiency ratio New investment inflows
    € 183,308.85
    Gross premium income New annual risk premiums (long-term insurance)
    € 183,308.85
    Investment return New gross written premiums (short-term insurance)
    € 183,308.85
    Efficiency ratio New investment inflows
    € 183,308.85
    2023 Integrated Report
    Press Release 2023 Report Brochure Interview Claims Statistics
    Why Join PPS?

    Unlike most financial services providers in South Africa, PPS is not listed on the stock exchange and has no external shareholders – instead, PPS operates under the ethos of mutuality and all PPS' profits are allocated to PPS members with qualifying products on an annual basis by way of allocations to their PPS Profit-Share Accounts.

    PPS is also the only financial services company in South Africa that has focused exclusively on graduate professionals, since 1941. PPS offers tailor-made insurance, investment and healthcare solutions exclusively for graduate professionals with a qualifying four-year degree or equivalent.

    Get in touch.

    The next step is to call us on 0860 123 777 or we will call you.
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