ALG Newsletter - Strong tailwinds for SA insurers. Listed SA insurers are benefiting from strong underwriting and market tailwinds, while life assurers are facing increased competition in the mass retail space. All stocks will benefit from near-term tailwinds, but undervalued players with share buybacks like  Momentum  and  Old Mutual  are better positioned for relative performance. 21 November 2025 Reach out to find more about  Austin Lawrence Gidon 's ranking table for SA i

ALG Newsletter - Shifting new business dynamics. Listed SA life assurers recently reported very strong 30 June 2025 results from an earnings and shareholder distribution point of view, but it came with a caveat. They reported much lower mass retail volumes and only modest growth for affluent retail. While the affluent space is mature and highly competitive, the weak mass retail production is almost all due to significant market share gains by  Capitec  Insurance. Reach to fin

ALG Newsletter - Strong results for SA insurers. The SA insurer results season kicked off on Monday with excellent results from  Santam Insurance . We expect the rest of the cycle to be very strong with trading updates and consensus forecasts pointing to earnings growth of 15% to 40% plus, although new business volumes are expected to disappoint. Our newsletter below details the expected drivers of this strong performance. Sign up for our monthly product to gain access to our

ALG Newsletter - Topical issues for SA life assurers. On the back of an easing in Middle East tensions, bond yields have declined, the...

ALG Newsletter - Underwriting - Harder for longer? Santam Insurance's 1Q25 operational update may point to a harder-for-longer...

ALG Newsletter - Stunning rise of Capitec Insurance. Capitec Insurance grew its funeral and life policy count by 25% in FY25 compared...

ALG Newsletter - P&C driving SA insurer results. After OUTsurance reported 52% earnings growth for 1H25, Old Mutual (+17% for FY24)...

ALG Newsletter - SA insurer results start strongly.  Santam Insurance ,  Discovery Limited  and  Sanlam  have started the current results...

ALG Newsletter - SA insurer results: focus areas. The SA insurer results season is about to kick off and there are many key areas to...

ALG Newsletter - Yield spike and SA life assurers. The recent 150bp spike in SA 10-year bond yields has not yet resulted in downward...

ALG Newsletter - Argent's diversification strategy. In this week's newsletter,  Austin Lawrence Gidon 's metals and mining analyst, ...

ALG Newsletter - Reinet becoming PICG plus?  REINET LIMITED 's disposal of its entire  BAT  stake is set to transform the holding company...