PPS Insurance Namibia has allocated a record N$367.3 million to members’ PPS Profit-Share Accounts. 

This is the highest Profit-Share allocation in the history of PPS Insurance Namibia and adds to the accumulated N$1.8 billion in Profit-Share to members during the last decade. 

The PPS Profit-Share Account reflects the accumulated value of annual profit allocations made to members who hold qualifying products. 

“We enjoyed a successful year despite operating in a low-growth economy. We maintained stability, recording an operating profit of N$59.5 million. This was enabled by our robust strategy, which ensured smooth business management and consistent execution across key focus areas. We achieved a remarkable N$307.8 million return on investments, a 52.7% increase from last year’s N$201.6 million. This is a result of our proven long-term investment strategy,” said Johan van der Westhuizen, CEO of PPS Insurance Namibia. 

PPS Insurance Namibia noted that, despite a challenging operating environment, its business remained financially sound and member-focused, translating performance into tangible benefits for its graduate professional membership base. 

PPS Insurance Namibia is a provider of financial solutions exclusively for graduate professionals. 

In response to the operating environment, its new annual premium income rose by 9.1% to N$17.9 million. 

Gross insurance premium revenue increased year-on-year by 9.4% from N$255.8 million in 2024 to N$279.8 million in 2025. 

Benefits and valid claims returned to PPS Insurance Namibia members increased 22% to N$264.1 million, compared to N$216.6 million in 2024. 

Last year, PPS Insurance Namibia paid N$54.2 million in life insurance claims, compared to N$44.1 million in 2024 and N$106.1 million in health benefits compared to N$91.2 million in 2024. 

“A powerful, future-focused reflection of the lasting impact of PPS Insurance Namibia’s long-term commitment to its members lies in the payment of N$103.7 million to those who retired,” said Van der Westhuizen. 

He added that this milestone shows how the organisation’s performance translates into real value by protecting lives and supporting long-term financial security. 

He noted that this commitment is rooted in the ethos of mutuality that guides PPS Insurance Namibia. 

Its primary responsibility is to support members by paying all valid claims, after which operational and investment returns are allocated to the PPS Profit-Share Accounts™ of members with qualifying life-risk products. 

“For 2025, this amounted to a total of N$367.3 million,” he said. 

Van der Westhuizen added that over the past ten years, PPS Namibia has allocated an accumulated N$1.8 billion in Profit-Share to members. 

“We have a unique competitive advantage that allows us to focus on investing in growth assets over the long-term nature of our members’ tenure with us. However, it is important to caution against over-enthusiastic expectations based on a single year’s strong investment performance,” he said. 

He highlighted that the impact of a good profit year is evident in the value of the PPS Profit-Share Accounts of some long-standing members. 

“PPS Insurance Namibia is proud to have welcomed 146 new members to the ‘PPS Profit-Share millionaires club’, bringing the total number of Profit-Share millionaires to 746,” Van der Westhuizen said. 

PPS Insurance Namibia is the largest financial services company of its kind in Namibia, focusing exclusively on graduate professionals. 

The strength of PPS’s unique ethos of mutuality ensures that premiums paid by members who hold qualifying life-risk products are returned to them through claims paid or investment growth allocations to their PPS Profit-Share Accounts after business running costs. 

This approach reflects a global trend, as almost a third of insurance premiums worldwide flow to mutual insurers. 

“PPS remains committed to delivering the long-term value creation that members expect from a company that operates on the ethos of mutuality. The 2025 performance reflects PPS’s commitment to honouring its members while reimagining how value is delivered amid evolving member expectations, market dynamics and societal priorities,” said Izak Smit, PPS Group CEO.  -ebrandt@nepc.com.na