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Discovery business model affords growth, says CEO – Business Day

Discovery business model affords growth, says CEO – Business Day

Discovery’s business model lends itself to opening new businesses, giving it the potential to grow profit at about 20% a year, CEO Adrian Gore said yesterday. Discovery reported operating profit increased 23% to R5bn in the year to June. Operating profit growth has averaged 22% a year over the past 10 years. The insurer views SA as its primary market and the UK as its second primary market. Both are capital intensive. To grow its global footprint further without incurring high capital costs, Discovery is partnering with global insurers in markets including China, Singapore and Australia. ¬†Justin Floor comments on the company’s results.
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