Table of Contents
1
208
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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