Healthy underwriting results lift MMI’s interim earnings

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CEO Hillie Meyer says the results are unlikely to be repeated in the next six months, given stock markets’ recent performance and the tough economic environment

Financial services group MMI Holdings, whose brands include Metropolitan and Momentum, said on Friday that earnings edged higher in the six months ended December, thanks to healthy underwriting results and better earnings from fixed-rate and annuity products.

MMI Group CEO Hillie Meyer said the firm was on track towards its three-year goal of increasing earnings to between R3.6bn and R4bn in the 2021 financial year.

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