WATCH: Covid-19 weighs on Momentum Metropolitan

Momentum Metropolitan has reported a 34% plunge in normalised annual earnings as the insurer had to top up its Covid-19 provisions to cover potential death and other claims.

During the year, the firm paid R10.7bn in mortality claims. This is almost double what the company paid annually before the pandemic struck.

Alishia Seckam spoke to Momentum Metropolitan group financial director Risto Ketola for more detail.