OUTsurance gives R470 million ‘gift’ to shareholders – BusinessTech

OUTsurance Group Limited (OGL) has declared a special dividend of around R470 million to its shareholders, amid strong local performance from the group’s businesses.

The group’s normalised earnings increased 7.7% to R2,324 million for the six months ended 31 December 2025, with headline earnings up 14.7% to R2,338 million.

The group also increased its interim dividend by 36.2% to 120.7 cents per share, marking a dividend payout ratio of 80.4%.

A special dividend of 30.3 cents per share was also declared as a result of the ongoing monetisation of non-core assets.

With the group having 1,547,620,166 ordinary shares in issue, the special dividend amounts to approximately R469 million.

Outsurance Holdings Limited (OHL), which is 90% owned by OGL, reported normalised earnings of R2,499 million, up 12.6% from the prior year.

The financial performance for the period was marked by strong results in South Africa but was negatively impacted by the volatile weather in Australia.

“Although earnings volatility over short measurement periods can be elevated, the OHL Group benefits from its geographically diverse earnings base.”

OUTsurance SA saw normalised earnings growth of 68.9% in the period to R1,980 million. The strengthening of the Rand negatively impacted Australia-based Youi’s translated premium growth rate.

Youi saw its normalised earnings decrease 43.3% to R679 million for the period.

The OHL Group said that OUTsurance Ireland continued to complement its growth profile.

While the Irish business saw its normalised loss increase to R263 million from R218 million, its monthly loss profile is expected to reduce in the second half of the financial year, in line with its forecast break-even profile.

The group said that OUTsurance Life delivered strong operational performance, marked by robust new business growth and better cost efficiency.

From a financial point of view, the strong performance was offset by the impact of the extraordinary reduction in the South African yield curve following positive macroeconomic developments in South Africa.