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BIHL absorbs COVID-19 shocks

patriot by patriot
September 16, 2021
in Business
0
Batsho Dambe-Groth

Batsho Dambe-Groth

… The group reaffirms commitment to Batswana as funeral claims grow

STAFF WRITER

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Bank of Botswana Celebrate 50 Years

editors@thepatriot.co.bw

Botswana Insurance Holdings Limited (BIHL) Group says as COVID-19 continues to take a veritable socio-economic toll, businesses who stand to bear a direct as well as indirect strain from the worsening pandemic situation are gearing themselves to withstand any further shocks.

The BIHL Group this week shared financial results for the six months ended June 30, 2021 before key stakeholders, showing lower financial performance indicators than the prior year.

Most notably, operating profit for the Group decreased by 44% over the six months to June 2021 compared to the prior year, and operating profit for Botswana Life decreased by 48% to P102 million. This was on account of excess mortality experienced during the period. 

P119 million worth of claims were classified as COVID-19 claims across the different product lines, representing 29% of the total claims. 

The BIHL Group Chairperson Batsho Dambe-Groth said the impact of COVID-19 on financial performance was notable during the period and is reflected in the results shared.

She said despite increased claims affecting business performance, they have worked to keep their promise and pay benefit claims during this difficult time when Batswana need them the most.

β€œWith our team – considered as frontline workers – at the branches operating even on weekends, we have worked to ensure that we are able to assist clients for funeral claims. The last thing we want clients to worry about is delays or difficulties on claim pay-out,” Dambe-Groth said.

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  • Banks in P90.79 billion household debtSeptember 13, 2025
    -           P39 billion of the credit is unsecure -           UK research firm forecasts escalating credit in the household sector RelatedPosts Banks in P90.79 billion household debt π‡πžπ¦π© 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚π₯s roll in Basarwa demand equal rights STAFF WRITER The household… Read more: Banks in P90.79 billion household debt
  • π‡πžπ¦π© 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚π₯s roll inSeptember 13, 2025
    This morning (12.09.25), the Botswana Investment and Trade Centre (BITC) hosted the Hemp Innovations Europe (HIE) AB Memorandum of Understanding Handshake Ceremony. The MOU signing is in partnership with The Office of the President, Botswana University of Agriculture and… Read more: π‡πžπ¦π© 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚π₯s roll in
  • Basarwa demand equal rightsSeptember 13, 2025
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    Boko's wounded healer strategy recycles BDP cronies into govt Pilane's CoA appointment re-opens old wounds BDP denies ever politicizing public service   BAKANG TIRO RelatedPosts Banks in P90.79 billion household debt π‡πžπ¦π© 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚π₯s roll in Basarwa demand equal… Read more: UDC in BDP deep state
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