Equity reports

Get to know your JSE companies: MMI HOLDINGS LTD (JSE: MMI)

MMI Holdings was formed from the merger of Metropolitan and Momentum and listed on the 1st of December 2010.

The company recently released an operational update for the nine months ended 31st of March 2019. Diluted headline earnings per share rose by 29%, mainly as a result of the share buy-back program, stable profitability in Momentum Life and Momentum Corporate, as well as healthy underwriting profits in the Non-life Insurance segment.

Momentum Corporate delivered excellent growth of 62% with both single and recurring premium business contributing to the growth.

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