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Momentum’s reports headline earnings of R2.4 billion

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GUEST – Jeanette Marais – CEO of Momentum Metropolitan Holdings

Momentum Metropolitan Holdings reported robust earnings for the six months ended 31 December 2023. Highlights
include normalised headline earnings of R2.4 billion, up 42% on the prior period, and a 69% increase in operating profit to R2 billion. Sales were strong with the Group’s present value of new business premiums (PVNBP) increasing by 18% to R39.1 billion, however,
its value of new business (VNB) declined by 38% to R200 million

27 Mar 2024 4PM English South Africa Business News · Investing

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