INVESTMENT RETURNS AND PROFIT ALLOCATION TO POLICYHOLDERS’ PPS PROFIT-SHARE ACCOUNT for the year ended 31 December 2023 (continued) The allocations at 31 December to policyholders’ Apportionment Accounts are set out as follows: 2023 2022 PPS Insurance R’m R’m Investment income allocation to Apportionment Accounts 366 286 PPS Sickness and Permanent Incapacity Benefit 417 348 Hospital benefits 21 16 PPS Provider 566 349 Bonus allocation for PPS Investments’ portfolios and products 59 49 Bonus allocation for PPS Medical Aid products 20 27 Bonus allocation for PPS Short-term products 8 6 PPS Profit-Share Cross-Holdings Booster allocation 89 65 BEE allocation 2 2 Total profit allocation 1 182 862 Total allocated 1 548 1 148 2023 2022 PPS Namibia N$’m N$’m Investment income allocation to Apportionment Accounts 6 – PPS Sickness and Permanent Incapacity Benefit 33 48 Hospital Benefits 2 2 Broadening Mutuality Products – percentage of premium 8 10 Sickness and Permanent Incapacity 6 7 Total profit allocation 49 67 Total allocated 55 67 Allocation to Special Benefit Accounts The following investment returns for 2023 were allocated to the Special Benefit Accounts: 2023 2022 PPS Insurance R’m R’m PPS BEE investment income gains 8 (4) Investment income and gains 2 548 (582) Vested PPS Profit-Share 203 (15) Allocation to Unclaimed Benefits * 44 – Total allocated 2 803 (601) *Interest allocated to Unclaimed benefits, in alignment with ASISA guidelines 2023 2022 PPS Namibia N$’m N$’m Investment income and gains 169 5 Allocation to unclaimed benefits* 2 – Total allocation to Special Benefit Accounts 171 5 *Interest allocated to Unclaimed benefits, in alignment with ASISA guidelines 89 Investment returns and profit allocation to Policyholders’ PPS Profit-share Account
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