2019 Integrated Report

PPS INTEGRATED REPORT 2019 | 153 Aggregate details of insurance between The Professional Provident Society Holdings Trust, any of its subsidiaries, and key management personnel, their families (as defined in IAS 24) and entities significantly influenced or controlled by key management personnel are set out below: Group 2019 2018 R’000 R’000 Life and disability – Premiums 1 550 1 598 Sickness benefit – Premiums 1 222 1 180 – Claims 34 198 PPS Profit-Share Account 12 366 15 458 Motor and household – Premiums 649 511 – Claims 98 227 Assets under management 39 027 39 880 The transactions with related parties are made on terms equivalent to those that prevail in arm’s length transactions with all members. The aggregate compensation of The Professional Provident Society Holdings Trust trustees and Professional Provident Society Insurance Company Limited executives paid by the Group is set out below: Group 2019 2018 R’000 R’000 Salaries and other employee benefits 36 462 30 491 Performance payments 30 618 26 036 Trustees' remuneration 9 556 8 797 76 636 65 324