Discovery Group results for the year to 30 June 2026 show normalised profit from operations up 17% to R17.75bn. This growth was driven by its South African businesses and the international Vitality operations. The group also lifted its final ordinary dividend 36% to 273 cents per share. Headline earnings rose 34% and normalised headline earnings 21%. Meanwhile, normalised return on…
Tag: Vitality
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Discovery’s headline earnings set to rise
Discovery expects its headline earnings to increase by 31% to 36% for the year to end-June, driven by growth in its South African operations and Vitality business. The financial services group said it delivered robust results during the year. The group expects its normalised operating profit to increase by 15% to 20%. The group forecasts 13% to 18% growth for…
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AI Health Prompts Drive Earlier Cancer Detection at Discovery
Discovery Life says AI-driven health prompts are helping clients detect serious illness earlier, including cancer. The insurer shared the update to highlight how incentives and personalised recommendations can shift health behaviour. Discovery Life, part of JSE-listed Discovery, has long linked rewards to healthy choices through its Vitality programme. Now it is expanding that approach with AI-led prompts. The insurer has…
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Discovery Vitality Results Show Surge In Global Profitability
Discovery has reported a significant boost in its latest financial period. The group’s strategy to unify its Vitality composite onto a single platform is yielding impressive returns. These Discovery Vitality results highlight a 41% increase in normalised profit for the composite. This figure reached R2.1 billion for the six months ending December. In a strategic move during 2024, the Discovery…
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Discovery and Google partner for Personalised Healthcare
Health and life insurer Discovery has announced a global partnership with Google, harnessing artificial intelligence to transform preventative healthcare. The initiative aims to provide individuals with highly personalised recommendations to improve their health, simultaneously helping to drive down the rising cost of insurance cover. The new platform, dubbed Vitality AI, combines the insurer’s extensive behavioural change expertise with Google Cloud’s…
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Poor Sleep Mortality Risk Linked to Irregular Patterns
Individuals who maintain irregular sleep patterns and get less than the recommended seven hours of sleep per night face a staggering 22% higher poor sleep mortality risk than the general population. This is the landmark finding from new research conducted by South Africa’s largest health and life insurer, Discovery. They analysed data from over 100,000 people. The organisation, a pioneer…
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Discovery Group’s Strong Growth Delivers 30% Profit Surge
Discovery Group has reported a robust financial performance for the year ending in June. It showcased the Discovery Group’s strong growth with a 30% increase in headline earnings to R9.6 billion. A key milestone in the results was Discovery Bank achieving its first profitable period in the second half of the year. This was a significant achievement reached ahead of…
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Discovery Health’s Top Claims of 2024 Revealed
Discovery Health Medical Scheme (DHMS) has revealed the immense scale of its 2024 claims. It paid out a total of R83 billion last year. The scheme highlighted its ten highest individual claims, which alone amounted to R70.5 million. This underscores the critical role of medical cover in managing catastrophic health events. Presenting at the scheme’s Annual General Meeting (AGM), DHMS…
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Boosting cardio fitness can cut mortality risk by up to 30%
Discovery Vitality’s head of wellness, Dr Mosima Mabunda, has emphasised the importance of regularly measuring cardiorespiratory fitness, or VO2 max, akin to monitoring blood pressure, glucose, and cholesterol levels. Enhancing fitness can significantly reduce mortality risk, with even moderate improvements in VO2 max lowering the risk of death by 21% to 30%, as revealed by recent research from Discovery Vitality.…