Ranking Profile - Discovery Ltd

Introduction

Discovery Ltd (Discovery) is an integrated financial services company. It operates in health insurance, life assurance, investment, and health and wellness markets. The company, along with its subsidiaries, offers life insurance coverage for death, disability, critical illness and loss of income; private medical insurance products; and investment and long-term savings products. It administers and provides managed care services to medical schemes. Discovery also provides motor insurance, risk-only life assurance and consumer-driven health insurance products. The company operates in South Africa, the US, the UK, Singapore, Australia. and China. Discovery is headquartered in Sandton, South Africa. The company reported insurance premium revenue of ZAR58,782 million for the fiscal year ended June 2022 (FY2022), which indicated an increase of 5.1% over that in FY2021. Its net insurance premium revenue was ZAR50,520 million in FY2022, an increase of 6.6% over that in FY2021.