Balance sheet and income statement of insurance companies — Gross in South Africa
South Africa: Balance sheet and income statement of insurance companies — Gross was 172,625 Euro in 2023. ▲ Rising
Balance sheet and income statement of insurance companies — Gross in South Africa, 2011–2023
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
The most recent figure for balance sheet and income statement of insurance companies — gross in South Africa is 172,625 Euro, measured in 2023.
The figure is up 123.6% on the previous year and up 28.2% over ten years.
Over the whole period, balance sheet and income statement of insurance companies — gross in South Africa peaked at 173,411 Euro in 2021 and was at its lowest, 77,205 Euro, in 2022.
That places South Africa 20th out of 46 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 10 years of available data.
Balance sheet and income statement of insurance companies — Gross in South Africa, year by year
| Year | Euro | Change |
|---|---|---|
| 2011 | 149,871 Euro | — |
| 2012 | 87,247 Euro | -41.8% |
| 2013 | 134,659 Euro | +54.3% |
| 2014 | 158,846 Euro | +18.0% |
| 2015 | 138,839 Euro | -12.6% |
| 2016 | 165,498 Euro | +19.2% |
| 2020 | 149,233 Euro | -9.8% |
| 2021 | 173,411 Euro | +16.2% |
| 2022 | 77,205 Euro | -55.5% |
| 2023 | 172,625 Euro | +123.6% |
South Africa compared with similar countries
- South Africa's 172,625 Euro is above the median for upper middle income countries, which is 20,907 Euro, 8.3× the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 139,160 Euro | 87,247 Euro | 165,498 Euro | 6 |
| 2020s | 143,118 Euro | 77,205 Euro | 173,411 Euro | 4 |
Countries ranked near South Africa
More economy & growth data for South Africa
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.4836 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0094 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -61.95 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -2.16 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -192.73 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0051 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -33.37 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 16.18 % change on previous year (2025)
Frequently asked questions
- What is balance sheet and income statement of insurance companies — gross in South Africa?
- Balance sheet and income statement of insurance companies — gross in South Africa was 172,625 Euro in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest balance sheet and income statement of insurance companies — gross recorded in South Africa?
- The highest recorded value was 173,411 Euro in 2021.
- What is the lowest balance sheet and income statement of insurance companies — gross recorded in South Africa?
- The lowest recorded value was 77,205 Euro in 2022.
- How does South Africa rank for balance sheet and income statement of insurance companies — gross?
- South Africa ranks 20th out of 46 countries with data for 2023.
- Is balance sheet and income statement of insurance companies — gross rising or falling in South Africa?
- Over the last ten years it is up 28.2%. The long-run trend across the full record is rising.
- Where does this South Africa data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balance sheet and income statement of insurance companies — Gross technical provisions. Statizoid updates them automatically from the source API.
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About this data
This dataset covers multiple items pertaining to the balance sheet and income statement of direct insurers and reinsurers, such as assets, technical provisions, shareholders' equity, net income, gross claims paid, gross operating expenses, commissions and changes in outstanding claims provisions.