• Normalised¹ ROE increased from 24,2% to 25,2%.
• Normalised¹ headline earnings grew by 20% to R9 013 million.
• Normalised¹ headline earnings per ordinary share of 666,0 cents, 19% higher.
• The credit loss ratio improved from 0,43% to 0,41%.
• Total dividends declared grew by 15% to 267 cents per share, a dividend cover ratio of 2,5 times.

¹Results normalised to reflect substance of Black Economic Empowerment Ownership initiative and group shares held for the benefit of policyholders, refer to page 75 for explanation.