Alexander Forbes Group Holdings Ltd - Company Profile
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Alexander Forbes Group Holdings Ltd (AFGH) is a provider of financial services. AFGH through its subsidiaries offers employee benefits consulting, actuarial, investment and administration services, and health and risk consulting and risk-profiled investable portfolios for retirement funds, corporations, medical aid schemes, and individual investors. AFGH offers consulting and actuarial services, trust and beneficiary services, and insurance services. It also offers motor, household, homeowners, and business insurance to retail and small-to-medium-sized business customers. The company offers solutions such as money management, budgeting, and savings. It has operations across Africa, Europe, and the Middle East. AFGH is headquartered in Sandown, South Africa.
Headquarters
South Africa
Address
Alexander Forbes, 115 West Street, Sandton, 2196
Website
www.alexanderforbes.co.za
Telephone
27 11 2690000
No of Employees
2,587
Industry
Financial Services
Ticker Symbol & Exchange
AFH (JNB)
Revenue (2022)
$274.3M
6.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
42.2%
(2022 vs 2021)
Market Cap*
$457.9M
Net Profit Margin (2022)
XYZ
33.1%
(2022 vs 2021)
* As of and is in US$
Alexander Forbes Group Holdings Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Individual: | Individual: |
| Motor and Home Insurance | Retirement Savings |
| Accident and Health Insurance | Financial Planning Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In November, the company entered into an agreement to acquire OUTvest from OUTsurance Holdings Limited. |
| 2023 | Divestiture | In March, the company sold its individual client administration business to Sanlam Ltd. |
| 2023 | Contracts/Agreements | In May, the company came into an agreement with shareholders of TSA Administration Proprietary Limited (TSA) for the acquisition of a majority interest in TSA. |
Competitor Comparison
| Key Parameters | Alexander Forbes Group Holdings Ltd | Santam Ltd | Hollard Insurance Group | Old Mutual Insure | Bryte Insurance Company Ltd |
|---|---|---|---|---|---|
| Headquarters | South Africa | South Africa | South Africa | South Africa | South Africa |
| City | Sandton | Bellville | Johannesburg | Johannesburg | Johannesburg |
| State/Province | - | Western Cape | Gauteng | - | - |
| No. of Employees | 2,587 | 6,339 | 4,000 | 2,375 | 805 |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Dawie de Villiers | Chief Executive Officer; Director | Executive Board | 2018 | 53 |
| Bruce Bydawell | Chief Financial Officer; Director | Executive Board | 2019 | 55 |
| Mpho Molopyane | Chief Economist | Senior Management | 2023 | - |
| Kuseni Douglas Dlamini | Chairman | Non Executive Board | 2023 | 55 |
| Butsi Tladi | Executive- Consulting | Senior Management | - | 49 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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