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November 27, 2009
Liberty Q3 lapse rate in line with H1, lags peers
JOHANNESBURG (Reuters) - South African insurer Liberty Holdings was profitable in its third quarter, but is lagging its peers as the lapse rate at its units remains in line with its first-half.
Liberty, majority-owned by Standard Bank, Africa's biggest bank by assets, said an increase in investment into equity markets had helped business in the quarter, after it reported in August it had swung to a first-half loss.
Posted by StaffWriter at November 27, 2009 1:26 PM