OUTsurance has reported a robust annual performance with a 62% increase in normalised earnings from continuing operations to approximately R2.9 billion for the fiscal year ending in June 2023. This strong financial performance has led to the declaration of a special dividend and a final cash dividend of 78c per ordinary share. The company credits this performance to successful strategies involving product scaling through digital, call centre and face-to-face channels with robust profit growth due to favourable weather-related claims in Australia. The company plans to expand further, increasing its stake in Youi, an Australian insurer and launching in Ireland in 2024.
