Last 2,679
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mmi holdings ltd (MMI) Snapshot

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05/5/14 - $2,783
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08/30/13 - $2,039
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mmi holdings ltd (MMI) Details

MMI Holdings Limited, together with its subsidiaries, provides insurance-based financial services in South Africa, rest of Africa, and internationally. The company operates through Momentum Retail, Metropolitan Retail, Momentum Employee Benefits, Metropolitan International, Momentum Investments, and Metropolitan Health divisions. The Momentum Retail division provides wealth creation and preservation, insurance, and income products through tied agents and independent advisers to customers in the middle to upper-income and wealth market segments in South Africa. The Metropolitan Retail division offers savings, income generation, and income protection (risk) products for the needs of clients in the lower to middle-income market. The Momentum Employee Benefits division provides administration, insurance, and investment solutions to employers and retirement funds in both the large corporate and the small, micro, and medium enterprise market segments. It also operates as a risk insurer, as well as in the capital protection investment market and the umbrella retirement fund market. The Metropolitan International division offers health insurance and healthcare administration, risk savings and investment products, retirement fund administration, and short-term and long-term insurance products for retail and institutional customers. The Momentum Investments division provides investment services, including active and passive investment management (local and international), alternative investment management, multi-management, collective investment management, and property investment management. The Metropolitan Health provides medical scheme administration, managed healthcare, healthcare-related IT, and open scheme distribution products for public sector and corporate clients in the health industry. The company offers its products and solutions under the Metropolitan and Momentum names. MMI Holdings Limited is headquartered in Centurion, South Africa.

16,555 Employees
Last Reported Date: 03/5/14

mmi holdings ltd (MMI) Top Compensated Officers

Group Chief Executive Officer, Executive Dire...
Total Annual Compensation: R11.1M
Group Finance Director, Executive Director, M...
Total Annual Compensation: R6.4M
Group Executive of Strategic Human Resources ...
Total Annual Compensation: R3.0M
Compensation as of Fiscal Year 2013.

mmi holdings ltd (MMI) Key Developments

Mmi Holdings Limited Announces Group Present Value of Premiums for the Nine Months Ended March 31, 2014

MMI Holdings Limited announced group present value of premiums for the nine months ended March 31, 2014. For the period, total new business recurring premiums increased by 12% compared with the same period of the prior year. Strong single premium inflows continued, ending 13% higher than the comparative nine-months of the prior year, a period which included exceptional inflows in the employee benefits division.

MMI Holdings Limited Presents at Merrill Lynch 15th Annual Sun City Conference, Mar-24-2014

MMI Holdings Limited Presents at Merrill Lynch 15th Annual Sun City Conference, Mar-24-2014 . Venue: Palace Hotel, Sun City, Pilansberg, South Africa.

MMI Holdings Limited Announces Audited Group Earnings Results for the Six Months Ended December 31, 2013

MMI Holdings Limited announced audited group earnings results for the six months ended December 31, 2013. For the period, the company reported net income of ZAR 48,517 million compared to ZAR 43,528 million a year ago. Results of operations were ZAR 3,950 million compared to ZAR 3,231 million a year ago. Profit before tax was ZAR 3,234 million compared to ZAR 2,609 million a year ago. Earnings were ZAR 1,818 million compared to ZAR 1,496 million a year ago. Earnings attributable to the owners of the parent were ZAR 1,796 million compared to ZAR 1,468 million a year ago. Diluted headline earnings were ZAR 1,827 million against ZAR 1,438 million a year ago. Diluted core headline earnings were ZAR 1,690 million against ZAR 1,501 million a year ago. Net cash inflow from operating activities was ZAR 787 million against ZAR 8,119 million a year ago.


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