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MMI Holdings Ltd (MMIJ.J)

MMIJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

MMI Holdings reports HY HEPS of 99.6 cents
Thursday, 2 Mar 2017 12:17am EST 

MMI Holdings Ltd : interim dividend maintained at 65 cents per share . Six month diluted core headline earnings down 5% to r1 598 million . Hy net insurance premiums 14.07 million rand versus 14.144 million rand . Hy net income 20.657 million rand versus 32.701 million rand . Health insurance jv in india is likely to be largest ongoing investment initiative outside of south africa in near future .Hy diluted core headline earnings 99.6 cents versus 104.7 cents year ago.  Full Article

MMI Holdings says six month basic HEPS seen down between 25-35 pct
Monday, 20 Feb 2017 01:00am EST 

Mmi Holdings Ltd : Says core headline earnings per share are expected to be down by between 0 and 10 percent for six month period . Says core HEPS continue to be affected by weak underwriting experience on group disability business (approximately 60 mln rand lower than in prior period) . Says group's interim period basic EPS are expected to be between 59 -69 cents compared to 98.7 cents, a decrease of between 30 - 40 percent .Says basic HEPS are expected to be between 59 -68 cents compared to 91.3 cents, showing a decrease of between 25 -35 percent versus last year.  Full Article

MMI expects FY diluted HEPS to be down by 23 pct-28 pct
Wednesday, 31 Aug 2016 08:58am EDT 

MMI Holdings Ltd : Trading statement . FY diluted headline earnings per share are expected to be between 130 and 140 cents per share, a decrease of between 23 and 28 percent . Decrease in core headline earnings mainly result of lower underwriting profits in certain units, a slow-down in health administration profits .Says annualised return on embedded value is expected to be between 11 and 14 percent.  Full Article

S. Africa's Competition Commission approves PIC/N3TC deal
Thursday, 2 Jun 2016 04:58am EDT 

S. Africa's Competition Commission : S. Africa's Competition Commission recommended that large merger between Firstrand Bank and target properties from MMI Group be approved without conditions . S. Africa's Competition Commission recommended to tribunal that merger whereby LGL and PIC intends to acquire TRAC be approved without conditions . S. Africa's Competition Commission found that proposed transaction is unlikely to substantially prevent or lessen competition in any market in South Africa. . S. Africa's Competition Commission has recommended to tribunal that large merger whereby PIC intends to acquire N3TC be approved without conditions (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

MMI Holdings reports improved claims ratio
Thursday, 2 Jun 2016 03:30am EDT 

Mmi Holdings Ltd : Recorded growth in new business flows of 13 pct, on present value of premiums (PVP) basis .Claims ratio improved from 102 pct for quarter to June 2015 to 77 pct for most recent quarter.  Full Article

More From Around the Web

South African insurer MMI H1 earnings fall 5 pct

JOHANNESBURG, March 2 South Africa's insurer MMI Holdings reported a 5 percent decline in half-year earnings due to weak investment markets and lower health administration revenues, the company said on Thursday.