The allocations at 31 December 2022 to policyholders’ Apportionment Accounts are set out as follows: 2022 2021 PPS Insurance R’m R’m Total investment income allocation 286 289 PPS Sickness and Permanent Incapacity Benefit 348 – Hospital benefits 16 – PPS Provider 349 – Bonus allocation for PPS Investments’ portfolios and products 49 35 Bonus allocation for PPS Medical Aid products 27 29 Bonus allocation for PPS Short-term products 6 4 Broadening Mutuality Products - percentage of premium – – PPS Profit-Share Cross-Holdings Booster allocation 65 5 BEE allocation 2 – Total profit allocation 862 73 Total allocated 1 148 362 2022 2021 PPS Namibia N$’m N$’m Total investment income allocation – 14 PPS Sickness and Permanent Incapacity Benefit 48 36 Hospital Benefits 2 3 Broadening Mutuality Products – percentage of premium 10 4 Sickness and Permanent Incapacity 7 3 PPS Retirement Annuity 0.1 0.1 Total profit allocation 67 46 Total allocated 67 60 Allocation to Special Benefit Accounts The following investment allocations for 2022* were made to the Special Benefit Accounts: 2022 2021 PPS Insurance R’m R’m PPS BEE investment income gains (4) 20 Investment income and gains (582) 4 611 Vested PPS Profit-Share (15) 223 Total allocated (601) 4 854 2022 2021 PPS Namibia N$’m N$’m Total allocated 5 188 * Investment return allocated to policyholders’ Special Benefit Accounts as a percentage of the PPS Profit-Share Account at the beginning of the year. INVESTMENT RETURNS AND PROFIT ALLOCATION TO POLICYHOLDERS’ PPS PROFIT-SHARE ACCOUNT for the year ended 31 December 2022 (continued) 88 Investment returns and profit allocation to Policyholders’ PPS Profit-share Account
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