[pretoria] - MMI Holdings sets its sights on R4bn in headline earnings by 2021

  |   Pretorianews

The group unveiled its three-year Reset and Grow turnaround strategy in September last year, which is meant to streamline its operations, maximise efficiencies and increase earnings across the group's various businesses.

In the current reporting period, MMI said on Friday that it had increased its diluted normalised headline earnings by 2 percent to R1.62bn, up from R1.59bn compared to last year due to tight control of operational expenses, strong underwriting results and improved earnings from fixed rate and annuity products.

Diluted normalised headline earnings per share increased by 6 percent to 105 cents a share, and the group said it had benefited from the impact of the share buy-back programme recently completed....

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