The group saw normalised headline earnings at 46% higher than the comparative period. This growth in earnings was supported by less severe Covid-19 impact on earnings, particularly for Momentum Corporate which experienced a significant turnaround, it said.
Net mortality profits for the quarter of R100 million resulted in nine-month losses of R278 million – an improvement from the net mortality losses of R378 million reported for the first six months of the financial year.= Headline earnings per share increased by 59% from 99.7 cents to 158.3 cents and earnings per share improved by 6% from 108.0 cents to 114.9 cents.
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