BIHL Group expects positive results

Botswana Insurance Holdings Limited will register a jump in profits for the year ended 31 December 2015 due to the company’s good performance during the period under review, the group said in cautionary statement.

The company said in a statement it was expecting better fortunes in 2015 as compared to 2014. “This is mainly driven by the good performance in some operating segments and positive investments,” stated the group which is listed on the domestic bourse.

“Accordingly, shareholders and investors are advised to exercise caution when trading in the company’s securities until such a time as a detailed announcement is made,” said the company.

The results will be published by 2 March 2016. The diversified financial house’s results for the year ended December 2014 showed the group’s operating profit standing at P287 million while investments in associate firms raked in P211 million in profits.

BIHL subsidiaries and associates is a broad based financial services organisation. It has the following wholly owned subsidiaries, Botswana Life Insurance Limited, Botswana Insurance Fund Management and Legal Guard.

BIHL also has investments in Letshego Holdings Limited, Funeral Services Group limited, Nico Holdings and Botswana insurance company. The company is listed on the Botswana Stock Exchange.The Botswana’s oldest insurance and asset management celebrated its 40 years of existence last year.