Momentum Metropolitan expects continued earnings upswing
The insurance sector has been in recovery since 2022 after harrowing 2020 and 2021 financial years
24 August 2023 - 13:32
Insurance and financial services group Momentum Metropolitan has advised shareholders it expects a rise in earnings for the year to June, thanks to a continued drop in life claims as the Covid-19 pandemic dissipates.
The Centurion-based group with a market cap of more than R28bn said “earnings were further supported by a strong improvement in investment variances because of favourable shifts in yield curves”...
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