2019 Integrated Report

ABOUT OUR INTEGRATED REPORT 4
WHO WE ARE AND WHAT MAKES US DIFFERENT 6
The PPS story 7
Meeting the financial needs of professionals 9
Financial planning and advice 9
Sickness cover and life insurance 10
Savings and investments 10
Short-term insurance 10
Health Professions Indemnity 11
Medical aid 11
Wills and estates 11
HUMAN CAPITAL 12
PPS DOING GOOD 18
OUR STRATEGY 20
INNOVATIVE SOLUTIONS 23
HIGHLIGHTS 24
CHAIRMAN’S STATEMENT 26
CEO’S MESSAGE TO MEMBERS 32
GROUP PERFORMANCE AT A GLANCE 37
PPS Life Insurance 40
PPS Advisory Services 42
PPS Investments 44
PPS Short-Term Insurance 46
PPS Healthcare Administrators 48
MATERIAL MATTERS AND RISK MANAGEMENT 50
ABRIDGED FINANCIAL STATEMENTS 54
PPS Group consolidated statement of financial position 54
PPS Group consolidated statement of profit or loss 55
KEY PERFORMANCE INDICATORS 56
CORPORATE GOVERNANCE 57
2019 ANNUAL FINANCIAL STATEMENTS 84
Statement of Responsibility by the Board of Trustees 86
Certificate by the Secretary 87
Independent Auditor’s Report 88
Investment Returns and Profit Allocation to Policyholders’ PPS Profit-Share Account 91
Trustees’ Report 94
Audit Committees’ Report 97
Group Social and Ethics Committee’s Report 101
Consolidated Statement of Financial Position 103
Consolidated Statement of Profit or Loss and Other Comprehensive Income 104
Consolidated Statement of Changes in Equity 105
Consolidated Statement of Cash Flows 106
Group Accounting Policies 107
Notes to the Consolidated Financial Statements 122
Administrative Information 188
Action Required by Members in Regard to the 2020 Annual General Meeting 189
Notice to the Members of the Annual General Meeting and CV’s of Candidates Standing for Election 190
Form of Proxy 205

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