Rand Merchant Investment Holdings Limited’s listed segments include Discovery, MMI holdings and Hastings, a digitally focused fast growing, agile UK-based short term insurance provider to the van, car, bike and home insurance and has 2.71 million live policies.
RMI holds an effective 25.1% interest in Discovery, 27.6% in MMI holdings, 29.9% in UK-listed Hastings and 90.3% in OUTsurance.
Normalised earnings were down 16% for the interim period. The full year results were satisfactory with normalised earnings per share up 3%, premiums earned were up 7% (2.6m to 2.7m customers) and the company declared a final dividend of 9.0 pence per share, up 6%.
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