MMH earnings jump in first quarter

📆 23.11.2019 0:59:00
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Insurer says diluted normalised headline earnings per share rose 13%

MMI Holdings has changed its name to Momentum Metropolian Holdings. Picture: SUPPLIED/MMH

Diluted normalised headline earnings per share increased 13% during the quarter, with the company saying star performers included Guardrisk and Momentum Investments. The value of new business at Momentum Investments surged to R30m from R4m previously, with the company reporting positive net flows into Momentum Wealth’s offshore platform. This was partially offset by lower asset-based fee income, due to weak market conditions.

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