2019 Integrated Report

PPS INTEGRATED REPORT 2019 | 145 21. NET INSURANCE PREMIUM REVENUE Group 2019 2018 R’000 R’000 Individual premiums from policyholders 4 965 236 4 527 538 Long-term 4 770 598 4 355 564 Short-term 194 638 171 974 Group reinsurance premiums inwards 7 841 15 232 Long-term 6 005 13 535 Short-term 1 836 1 697 Premium revenue arising from insurance contracts issued 4 973 077 4 542 770 Individual premium revenue ceded to reinsurers on insurance contracts issued (366 286) (379 668) Long-term (354 663) (372 271) Short-term (11 623) (7 397) Total net insurance premium revenue 4 606 791 4 163 102 Long-term 4 421 940 3 996 828 Short-term 184 851 166 274 22.OTHER INCOME Group 2019 2018 R’000 R’000 Policy administration and collection services 11 194 14 574 Administration fees 274 541 255 635 Investment management services 76 739 67 525 Commission 39 221 23 024 Rental income 69 383 54 249 Sundry income 9 729 3 212 Total other income 480 807 418 219 23. INVESTMENT INCOME Group 2019 2018 R’000 R’000 Financial assets held at fair value through profit or loss Interest income 1 614 766 1 466 086 Dividend income 770 897 648 760 Total investment income 2 385 663 2 114 846