Corporate and Public Sector Dec Dec 1 year Key aspects 2014 2015 change • Strong recurring Rm Rm premium growth • Appropriate client Total funds received 15 783 13 670 (13)% retention New business PVP 8 369 10 921 30% • Lower underwriting Recurring 509 862 69% experience impacted by economic factors Single 3 681 2 419 (34)% • Mix of new business Value of new business 160 137 (14)% reduced VNB Non-life profit after tax 166 181 9% Life insurance profit after tax 211 198 (6)% Steady growth