2022 AVBOB Integrated Annual Report - FINANCIALS

CHAPTER 1 | OVERVIEW 02 INTEGRATED ANNUAL REPORT 2022 OVERVIEW 1 BEING A MUTUAL SOCIETY, AVBOB HAS NO EXTERNAL SHAREHOLDERS BUT INSTEAD MEMBERS WHO RECEIVE A SHARE OF AVBOB’S SURPLUS PROFITS. OUR MEMBERS ARE OUR POLICYHOLDERS – THE AVBOB FAMILY. IT IS THE FOUNDATION OF OUR MUTUALITY; TO CREATE AND SHARE MUTUAL VALUE WITH OUR FAMILY AND BE HERE FOR ALL SOUTH AFRICANS. ALWAYS.