PPS Integrated Report 2021 125 | Investment returns and profit allocation to policyholders The allocations at 31 December 2021 to policyholders’ Apportionment Accounts are set out as follows: 2021 2020 PPS Insurance R'm R'm Total investment income allocation 289 343 PPS Sickness and Permanent Incapacity Benefit – 183 Hospital benefits – 11 PPS Provider – 212 Bonus allocation for PPS Investments' portfolios and products 35 20 Bonus allocation for PPS Medical Aid products 29 29 Bonus allocation for PPS Short-term products 4 4 Profit-Share Cross-Holdings Booster allocation 5 37 BEE allocation – 1 Total profit allocation 73 497 Total allocated 362 840 2021 2020 PPS Namibia N$'m N$'m Total investment income allocation 14 17 PPS Sickness and Permanent Incapacity Benefit 36 41 Hospital Benefits 3 3 Broadening Mutuality Products – percentage of premium 4 2 Sickness and Permanent Incapacity 3 2 PPS Retirement Annuity 0.1 0.1 Total profit allocation 46 48 Total allocated 60 65 Allocation to Special Benefit Accounts The following investment allocations for 2021* were made to the Special Benefit Accounts: 2021 2020 PPS Insurance R'm R'm PPS BEE investment income gains 20 4 Investment income and gains 4 611 1 148 PPS Vested Profit-Share 223 64 Total allocated 4 854 1 216 2021 2020 PPS Namibia N$'m N$'m Total allocated 188 94 * Investment return allocated to policyholders’ Special Benefit Accounts as a percentage of the PPS Profit-Share Account at the beginning of the year.
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