Discovery H1 earnings dip on increased investment, large insurance payouts
Discovery reported a 16% dip in headline earnings for half year to December, due to increased spending into new businesses and large insurance claim payouts.
Discovery reported a 16% dip in headline earnings for half year to December, due to increased spending into new businesses and large insurance claim payouts.
Discovery is on track to start a South African bank by the end of this year after agreeing to buy FirstRand’s stake in a credit-card venture, a transaction which had delayed the lender’s launch.
Vitality Group, responsible for the global expansion of the Vitality Shared-Value Insurance model using the capabilities of Discovery and its network, announced the first Vitality-linked insurance offering in Japan, in partnership with Sumitomo Life.