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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's interim results show resilience in challenging economy.

MMI reported core headline earnings of R1.6 billion for the six months, representing a 5% decline compared to the corresponding six-month period in 2015. The group recorded an embedded value of R42.5 billion (at 2 648 cents per share) reflecting a 4.5% annualised return on embedded value. MMI maintained its interim dividend at 65 cents per share.

Nicolaas Kruger, group CEO of MMI Holdings says, "With our client-centric strategy, market position and growth initiatives, MMI is geared to remain resilient in these tough economic conditions and take advantage of the upswing in the growth cycle when it transpires. We look forward to realising the benefits of the foundation we have created through our strategic focus areas of growth, client centricity and excellence.”

MMI Holdings announced its year-end results to 30 June 2016 and remains resilient in a very tough environment

MMI Holdings delivered a strong return on embedded value of 13%, representing embedded value earnings of R5.2 billion for the reporting period. Core headline earnings decreased by 16% to R3.2 billion, driven primarily by lower underwriting profits and muted investment markets. A final ordinary dividend of 92 cents per share was declared by the group resulting in a total dividend of 157 cents per share for the year.

MMI Holdings remains in a strong capital position with a capital buffer of R4 billion as at 30 June 2016, after allowing for capital requirements, strategic growth initiatives and the final dividend.

Nicolaas Kruger, group CEO of MMI Holdings says, "This has been a difficult operating environment for the group as consumers are facing increasing pressure on their disposable income. However the implementation of our client-centricity strategy is advancing well and we continue to focus on enhancing the lifetime financial wellness of our clients."

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