Momentum headline earnings surge as pandemic eases

Life insurer Momentum Metropolitan bounced back from the Covid-19 pandemic as its normalised headline earnings shot up after fewer deaths claims.

The company reported on Tuesday that its normalised headline earnings, a profit measure that strips out impairments and one-off items, jumped 73.3% year on year to R1.23bn for the three months to end-September...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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