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Welcome to MMI

MMI Holdings Limited (MMI) is a South African based financial services group listed on the South African stock exchange, the JSE.

The core businesses of MMI are long and short-term insurance, asset management, savings, investment, healthcare administration and employee benefits. These product and service solutions are provided to all market segments through operating brands Metropolitan and Momentum.

Latest news

MMI Holdings announces year-end results to 30 June 2017

MMI Holdings Limited (MMI Holdings) announced its year-end results for the twelve months ended 30 June 2017, on 6 September.

The year under review was characterised by tough economic conditions, including the credit rating downgrade to sub investment grade for South Africa, business confidence reducing to levels last seen during the global financial crisis and weak equity markets.

MMI Holdings maintained diluted core headline earnings of R3.2 billion. Embedded value was R42.5 billion (R26.51 per share) at 30 June 2017, reflecting a 4.7% return on embedded value or embedded value earnings of R2 billion for the period. The group also declared a total dividend of 157 cents per share, the same dividend as the previous year.

Nicolaas Kruger, group CEO of MMI Holdings said: “Diluted core headline earnings (our measure of performance of our core businesses) were maintained over the year, supported by strong mortality profits and good expense management, but negatively impacted by underwriting losses in the group disability business and muted growth in asset-based fee income as a result of weak investment markets”.

Eight brokerages graduate from Momentum’s Masibambane programme

On the 10th August 2017, eight black-owned brokerages graduated from the Momentum Masibambane Broker Initiative programme delivered in partnership with the Association for Savings and Investment South Africa (ASISA) Association for Savings and Investment South Africa (ASISA) through the ASISA Enterprise Development Fund. The programme was managed and executed by enterprise and supplier development providers, Edge Growth and EncoreSA.

The 18 month programme, targeted at black-owned brokerages in Gauteng, aims to provide business development support to brokerages to assist them in building more professional, sustainable, efficient and ethical financial advisory practices.

Directly translated, Masibambane means to hold hands; the initiative formed part of MMI Holding’s Masikhulise Enterprise and Supplier Development Trust, a ring-fenced broad-based ownership scheme, which houses the group’s enterprise and supplier development initiatives and invests in the sustainability of small to medium sized enterprises.

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