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MMI Holdings Ltd

Overview:

MMI Holdings was formed from the merger of Metropolitan and Momentum, sizable insurance-based financial services players in South Africa. With total assets of about R414 billion and an embedded value of some R29 billion, MMI was already the third largest life insurer in South Africa when it listed on the JSE Stock Exchange on 1 December 2010.

The complementary nature of the Metropolitan and Momentum businesses positions MMI as a performance and cost-driven entity with a strong focus on its16 000 people, on products and service excellence.

The core businesses of MMI are long-term insurance, asset management, investment, healthcare administration and employee benefits. Product solutions are provided to all market segments.

MMI operates in 12 countries outside of South Africa, providing employee benefits, healthcare funding and administration, as well as long-term insurance solutions.

MMI has the stated intention of continuing to grow to become one of the most competitive financial services players both in South Africa and the rest of Africa.

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