2021 PPS INTEGRATED REPORT

About our integrated report 6
Who we are and what makes us different 10
Total benefits paid in 2021 16
Human capital management: our people 22
PPS doing good 30
Strategy 34
Leadership commentary 38
Chairman’s statement 40
CEO’s message to members 48
PPS Group performance at a glance 54
PPS Life Insurance 58
PPS Advisory Services and Enablement 62
PPS Investments 66
PPS Short-Term Insurance 70
PPS Healthcare Administrators 74
Material matters and risk management 78
Abridged Financial Statements 84
PPS Group consolidated statement of financial position 85
PPS Group consolidated statement of profit or loss 86
Key performance indicators 87
Corporate governance report 89
Annual financial statements 118
Statement of responsibility by the Board of Trustees 120
Certificate by the Secretary 121
Statement of responsibility by the Group Chief Executive Officer and Group Chief Financial Officer 122
Independent Auditor’s Report 123
Investment returns and profit allocation to policyholders’ PPS Profit-Share Account 126
Trustees’ Report 128
Audit Committees’ Report 130
Group Social and Ethics Committee’s Report 134
Consolidated Statement of Financial Position 136
Consolidated Statement of Profit or Loss and Other Comprehensive Income 137
Consolidated Statement of Changes in Equity 138
Consolidated Statement of Cash Flows 139
Group Accounting Policies 140
Notes to the Consolidated Financial Statements 156
Action required by members in regard to the 2022 Annual General Meeting 224
Notice to the members of the Annual General Meeting and CVs of Candidates standing for election 225
Form of proxy 237
Administrative information 239

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