Bonitas 2022: Annual results show steady growth and industry-leading financials
Bonita s 2022 : Annual results show steady growth and industry-leading financials July 12: Bonitas Medical Fund , in its 42 nd year , announced its 2022 financial results today. The medical aid for South Africa, achieved a net surplus supported by p ositive membership growth , boosted reserves, an increased solvency ratio and a strong investment performance. ‘We know affordability pressures facing South Africans are overwhelming , which is why we strive to find the right balance between value for our members and long - term sustainability ,’ says Luke Woodhouse, C hief Financial Off icer. ‘ To this end , we are pleased to report a record high R 8,8 billion in member reserves at year end 202 2 . We are also thrilled to confirm that we have exceeded industry benchmarks, particularly for value creation, achieving a R1 . 78 return for each R1 .00 spent on administration and managed care – 12 % higher than the industry average of R1 . 59 . ‘
