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2022 PPS NAMIBIA INTEGRATED REPORT

About our Integrated Report 4
Who we are and what makes us different 6
Strategy 9
Highlights 14
Leadership commentary 16
Chairman’s statement 18
CEO’s message to members 24
PPS Group performance at a glance 30
PPS Insurance Company 32
PPS Advisory Services and Enablement 35
PPS Investments 37
PPS Short-Term Insurance 40
PPS Healthcare Administrators 43
Material matters and risk management 48
Abridged financial statements 53
PPS group consolidated statement of financial position 53
PPS group consolidated statement of profit or loss and Comprehensive income 54
Key performance indicators 55
Corporate governance report 57
Annual financial statements 84
Statement of responsibility by the Board of Trustees 85
Certificate by the Secretary 86
Statement of responsibility by the Group Chief Executive Officer and Group Chief Financial Officer 87
Independent Auditor’s Report 88
Investment returns and profit allocation to policyholders’ PPS Profit-Share Account 91
Trustees’ Report 93
Audit Committees’ Report 95
Group Social and Ethics Committee’s Report 100
Remuneration Report by the Group Remuneration Committee 102
Consolidated Statement of Financial Position 105
Consolidated Statement of Profit or Loss and Other Comprehensive Income 106
Consolidated Statement of Changes in Equity 107
Consolidated Statement of Cash Flows 108
Group Accounting Policies 109
Notes to the Consolidated Financial Statements 127
Action required by members in regard to the 2023 Annual General Meeting 206
Notice to the members of the Annual General Meeting and CVs of Candidates standing for election 207
Form of proxy 223
Administrative information 224

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