S.African insurer OUTsurance reports almost 150% jump in interim profit

JOHANNESBURG (Reuters) – South African short-term insurer OUTsurance Group reported on Wednesday an almost 150% jump in half-year profit as it benefited from strong premium growth and favourable operating conditions.

Its headline earnings per share, a profit measure, was at 86.6 South African cents in the year to Dec.

31, up from 35 cents posted a year ago.

(Reporting by Tannur Anders; Editing by Promit Mukherjee)

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