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MMI Holdings Ltd (MMIJ.J)

MMIJ.J on Johannesburg Stock Exchange

2,238.00ZAc
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Latest Key Developments (Source: Significant Developments)

MMI Holdings says FY diluted core headline earnings down 16 pct to r3.2 bln
Wednesday, 7 Sep 2016 01:07am EDT 

MMI Holdings Limited : Jse: MMI - Summarised Group Results For The Year Ended 30 June 2016 . Diluted core headline earnings decreased by 16 pct to r3.2 billion . Return on embedded value 13 pct value of new business r850 million +13 pct on consistent basis . New business PVP increased by 35 pct to r68 billion .Total dividend increased to 157 cents per share.  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

MMI Holdings Ltd and Aditya Birla Nuvo sign joint venture agreements
Thursday, 4 Jun 2015 08:20am EDT 

MMI Holdings Ltd and Aditya Birla Nuvo Ltd:Have entered into definitive Joint Venture agreements.To provide innovative health insurance and wellness solutions in India.This transaction, first announced in Oct. 2014, remains subject to applicable regulatory approvals.MMI Holdings will hold 49 pct and ABNL will hold 51 pct in joint venture company to be named Aditya Birla Health Insurance Co. Ltd (ABHICL).  Full Article

MMI Holdings Ltd announces change Finance Director
Monday, 18 May 2015 05:00am EDT 

MMI Holdings Ltd:Group Finance Director of MMI, Preston Speckmann, will retire effective June 30.Mary Vilakazi will succeed him in the position of Group Finance Director, from July 1.  Full Article

MMI Holdings Ltd declares dividends
Wednesday, 4 Mar 2015 12:05am EST 

MMI Holdings Ltd:Declared gross interim dividend of 63 cents per ordinary share.Declared dividends of 22.1 mln Rand (132 cents per share p.a.) on the unlisted A3 MMI Holdings Ltd preference shares.  Full Article

MMI Holdings Ltd 's subsidiary enters into agreement with Imara Capital South Africa Proprietary Ltd and Imara Asset Management South Africa Proprietary
Monday, 15 Dec 2014 01:49am EST 

MMI Holdings Ltd:Says through its subsidiary, MMI Strategic Investments Proprietary Ltd, it has entered into an agreement with Imara Capital South Africa Proprietary Ltd and Imara Asset Management South Africa Proprietary to acquire 100 pct of the issued share capital of Imara S.P. Reid Proprietary Ltd (ISPR).Says maximum purchase consideration is 120 mln Rand to be settled in cash.Says the Sellers are both subsidiary companies of Botswana listed Imara Holdings Limited (IHL).  Full Article

Imara Holdings Ltd announces disposal of subsidiary to MMI Holdings Ltd subsidiary
Sunday, 14 Dec 2014 07:00pm EST 

Imara Holdings Ltd:Announces that an agreement has been reached regarding the disposal of its subsidiary, Imra S.P. Reid to MMI Strategic Investments Propriety Limited for a total consideration of approximately 100 million Botswana pula before taxes, disbursements, expenses and possible price adjustments.Says that is MMI Strategic Investments Propriety Limited is MMI Holdings Ltd's subsidiary.  Full Article

BRIEF-MMI expects FY diluted HEPS to be down by 23 pct-28 pct

* 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