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MMI Holdings Ltd (MMIJ.J)

MMIJ.J on Johannesburg Stock Exchange

2,240.00ZAc
19 Jan 2018
Change (% chg)

10.00 (+0.45%)
Prev Close
2,230.00
Open
2,230.00
Day's High
2,246.00
Day's Low
2,200.00
Volume
2,274,129
Avg. Vol
3,579,105
52-wk High
2,669.00
52-wk Low
1,709.00

Latest Key Developments (Source: Significant Developments)

MMI Holdings ‍Announces Leadership Changes
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - MMI Holdings Ltd ::‍ANNOUNCED THAT NICOLAAS KRUGER WILL BE STEPPING DOWN AS CEO OF MMI HOLDINGS WITH EFFECT FROM 15 FEBRUARY 2018​.HILLIE MEYER HAS AGREED TO JOIN MMI ON A THREE-YEAR CONTRACT AS CEO OF MMI HOLDINGS​.‍JEANETTE MARAIS WILL JOIN GROUP AS A SECOND DEPUTY CEO; APPOINTMENT IS EFFECTIVE 1 MARCH 2018​.‍RISTO KETOLA, CURRENT CFO OF MMI HOLDINGS, HAS BEEN APPOINTED GROUP'S FINANCIAL DIRECTOR​.‍GROUP IS NOW FOCUSING ON A NARROWER SET OF NEW INITIATIVES SUCH AS AFRICAN BANK JV AND ADITYA BIRLA JV​.  Full Article

MMI Holdings says qtrly headline earnings up 54 pct ​
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - MMI Holdings Ltd :‍FOR THREE MONTHS ENDED 30 SEPTEMBER 2017 DILUTED CORE HEADLINE EARNINGS ARE DOWN 4% ON 1Q17.​.‍OPERATING ENVIRONMENT REMAINS DIFFICULT IN SOUTH AFRICA AND WE DO NOT BELIEVE THAT ENVIRONMENT WILL IMPROVE MEANINGFULLY IN NEAR TERM​.FOR 3 MONTHS ENDED SEPT 30, OPERATING PROFIT WAS FLAT DESPITE INCREASE IN SPENDING ON NEW INITIATIVES IN MOMENTUM RETAIL AND IN CLIENT ENGAGEMENT SOLUTIONS​.FOR 3 MONTHS ENDED SEPT 30, HEADLINE EARNINGS, WHICH INCLUDE FULL IMPACT OF MARKET-RELATED GAINS ON OUR EARNINGS, ARE UP 54% VERSUS 1Q17.​.  Full Article

MMI expects FY diluted HEPS to be down by 23 pct-28 pct
Wednesday, 31 Aug 2016 

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 

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 

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

UPDATE 1-South African insurer MMI's CEO to step down in management shake-up

JOHANNESBURG, Jan 16 Nicolaas Kruger will step down as chief executive of South African life insurer MMI Holdings next month, after more than seven years at the helm, as part of a management shake-up announced on Tuesday.