Full Year 2024 OUTsurance Group Ltd Earnings Call Transcript

Sep 17, 2024 / 08:00AM GMT
Marthinus Visser - OUTsurance Group Ltd - Chief Executive Officer, Executive Director

Good morning, everyone. Thank you for the opportunity to present to you on the OUTsurance Group financial results for the year ending 30 June 2024. I'm Marthinus Visser, the Group CEO. I've got with me, Jan Hofmeyr, the Group CFO, and we'll be following the normal pattern. I'll do the operational review, then Jan will do the financial review, and then we'll finish things off the outlook and the strategic focus areas.

I think it's fair to say that it's a pleasing set of results, but let's see how that's been impacted by the different aspects. So first of all, the macroeconomic trends, as these do affect our business and the first one being CPI inflation. As you can see in the slide, CPI inflation in our three markets started off very low and then it spiked as we came out of COVID and now it's a normalizing again.

Importantly, to understand, though, that there is not a perfect link between CPI inflation and claims inflation and expense inflation, which is the real drivers in our business. And the reason

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