PPS 2023 INTEGRATED REPORT

About our Integrated Report 4
Highlights 6
Who we are and what makes us different 7
Mutuality 11
Strategy 12
Leadership commentary 14
Chairman’s statement 16
CEO’s message to members 24
Group performance 30
PPS Life Solutions 32
PPS Advice and Distribution 34
PPS Investments 37
PPS Short-Term Insurance 40
PPS Healthcare Administrators 44
Material matters and risk management 48
Abridged financial statements 51
PPS Group consolidated statement of financial position 51
PPS Group consolidated statement of profit or loss and comprehensive income 52
Key performance indicators 53
Corporate governance report 55
Annual financial statements 83
Statement of responsibility by the Board of Trustees 84
Certificate by the Secretary 85
Statement of responsibility by the Group Chief Executive Officer and Group Chief Financial Officer 86
Independent Auditor’s Report 87
Investment returns and profit allocation to policyholders’ PPS Profit-Share Account 90
Trustees’ Report 92
Audit Committees’ Report 94
Group Social and Ethics Committee’s Report 98
Remuneration Report by the Group Remuneration Committee 101
Consolidated Statement of Financial Position 104
Consolidated Statement of Profit or Loss and Other Comprehensive Income 105
Consolidated Statement of Changes in Equity 106
Consolidated Statement of Cash Flows 107
Group Accounting Policies 108
Notes to the Consolidated Financial Statements 135
Action required by members in regard to the 2024 Annual General Meeting 240
Notice to the members of the Annual General Meeting and CVs of Candidates standing for election 241
Form of proxy 260
Administrative information 263

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