Our Board of Directors’ policy is to uphold a strong capital base to maintain investor, credit and market confidence; and sustain business development.
The Group’s capital management strategy
Our Board monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. When managing capital, the Group aims to:
- safeguard the Group’s ability to continue as a going concern, so it can continue providing returns for shareholders and benefits for other stakeholders.
- provide an adequate return to shareholders by pricing insurance and investment contracts commensurate with the level of risk.
Monitoring our capital
The Group monitors capital on the basis of the carrying amount of equity less cash and cash equivalents, as presented on the face of the consolidated statement of financial position. The Group’s goal in capital management is to maintain a capital-to-overall financing structure ratio of 1:1.5.