Investment Case

AS AT 31 MARCH 2018

Consistent strong compound growth in earnings and dividends

Sustainable earnings with diversification at the core of our DNA – The Group has diversified earnings emanating from the different business segments that thrive in different market conditions resulting in a Group that has the ability to generate returns irrespective of market conditions

Quality of earnings – further improved as a result of the unbundling of surplus assets

Annuity earnings steadily growing, accounting for 77% of the Group’s operating businesses earnings for the 2018 financial year

Cash generative operations

Entrepreneurial and owner-managed culture, with highly skilled staff and low staff turnover

Industry leading franchises

Commitment to responsible investing and sustainable development

Best practice governance standards

SUSTAINABLE EARNINGS WITH DIVERSIFICATION AT THE CORE OF OUR DNA

#1 DIVERSIFIED EARNINGS
Composition of Profit – Operating Businesses:
Annuity vs. Variable

Picture 4

Normalised headline earnings (%)

#2 DIVERSIFIED EARNINGS
Multiple Business Segments – Operating Businesses:
Contribution to Profitability

Picture 1

Normalised headline earnings (%)

#3 DIVERSIFIED TO OUTPERFORM MARKETS
Peregrine Return on Average Equity vs. All-share Index Performance*

Picture 2

*Annual ALSI return excluding dividends

#4 DIVERSIFIED GEOGRAPHIES
Composition of Profit – Operating Businesses:
Local vs. Offshore

Picture 8

Normalised headline earnings (%)

Click images to enlarge


Why Choose Peregrine?


  • Strong compound growth in earnings and dividends


  • Annuity earnings account for over 70% of the Group's earnings


  • Cash generative operations


  • Entrepreneurial and owner-managed culture


  • Highly skilled teams


  • Industry leading franchises


  • Commitment to responsible investing as well as
    sustainable development


  • Best practice governance standards


  • Low staff turnover at executive and operational level


  • Benefit the societies in which we operate