Business Day TV spoke to Momentum Metropolitan group financial director Risto Ketola about the insurer’s full-year results
09 September 2021 - 07:52
byBusiness Day TV
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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.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
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WATCH: Covid-19 weighs on Momentum Metropolitan
Business Day TV spoke to Momentum Metropolitan group financial director Risto Ketola about the insurer’s full-year results
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.
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