South African life insurance : strong profitability despite unfavourable operating environment

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      <subfield code="a">The South African life insurance industry performed strongly in 2012  and 1H13 despite tough economic conditions. Most major life insurance companies reported higher or stable net profit compared with the previous financial year, driven in part by good returns on equity markets. Fitch Ratings expects that most South African life insurers will report improved net profits for the full year to 31 December 2013</subfield>
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