Momentum sees jump in profit as Covid-19 death claims ease
The insurer cites normalisation of mortality experience and improvement in investment variances as reasons for the increase in earnings
23 February 2023 - 10:46
Life insurer Momentum Metropolitan expects its profit to increase more than one-third in its half-year results next month following fewer claims as the Covid-19 pandemic eased.
The company, valued at R28.59bn on the JSE, sees its headline earnings per share (HEPS), the main profit measure in SA that excludes certain items, rising 40%-50% year on year to 129c-143c in its 2023 half-year trading statement to end-December. Normalised HEPS is forecasted to go up by the same margin to 140c-155c...
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