SA’s fifth-largest insurer, Momentum Metropolitan Holdings, reported an almost two-third jump in earnings for the year to end-June, but warned that SA’s weak economic environment posed a risk to its new focus on increasing its revenue.

Normalised headline earnings, the company’s main measure, were up 54% to R3.1bn to end-June, while diluted headline earnings per share (HEPS) jumped 61% to R202.5c, bolstered by a R2bn share buyback programme in November and solid underwriting results across the group...

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