OUTsurance has reported another impressive set of results, with strong performances from its South African and Australian operations. However, its relatively new venture in Ireland is facing challenges, as operating losses have more than doubled in the 2025 financial year.
As one of South Africa’s largest insurance companies, OUTsurance operates not only in South Africa but also in Australia and Ireland. In South Africa, the company provides various insurance products, including car, home, business, life, funeral, and pet insurance. Its Australian subsidiary, Youi, offers similar services, while OUTsurance Ireland focuses on car and home insurance.
On 15 September 2025, OUTsurance released its financial results for the year ending 30 June 2025. The company saw a strong performance, with insurance revenue increasing by 16.35% to R37.13 billion. Profit for the year rose by 16.21% to R5.22 billion, and earnings per share increased by 15.33% to 306.2 cents.
This growth was primarily driven by outstanding performances in its South African and Australian markets. The company noted that both Youi Direct and OUTsurance South Africa contributed to a 16.8% increase in property and casualty gross written premiums. However, this growth was slightly affected by the strengthening of the rand against the Australian dollar during the financial year.
Despite these positive results, OUTsurance’s Irish business faced significant challenges. The operating loss for OUTsurance Ireland more than doubled, increasing from R218 million in 2024 to R448 million. Launched in May 2025, this segment generated R269 million in gross written premiums during its first full year, but the company anticipates that the 2025 and 2026 financial years will incur the highest start-up losses before it aims for break-even by 2029.
In contrast, OUTsurance Life emerged as another highlight, with operating profit soaring by 65.9% to R438 million. This remarkable growth was attributed to reduced expenses, strong new business momentum in both the Direct and Funeral segments, and favourable yield movements.
Moreover, OUTsurance’s normalised investment income performed well, rising by 49.1% to R2.29 billion, supported by organic growth in investable assets and positive equity market conditions.
Following these robust results, OUTsurance declared a final dividend of 149 cents per share and a special dividend of 33.1 cents per share, reflecting the company’s strong financial position.