Momentum Metropolitan Holdings Ltd - Company Profile
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Momentum Metropolitan Holdings Ltd (MMH) is a financial services company. The company carries out activities in the areas of life and non-life insurance, savings, investment, asset and property management, healthcare solutions, and employee benefits. It offers income protection plans, savings and investment plans, car and home insurance, annuity plans, funeral cover, health insurance, disability insurance, short-term insurance, and life insurance products for individuals in the lower, middle, and upper-income groups. It also offers property management and development solutions. MMH markets its products and services under the brand names, Metropolitan, Guardrisk, Momentum, and Eris Properties. The company operates in South Africa, Botswana, India, Ghana, the UK, Lesotho, Mozambique, and Namibia. MMH is headquartered in Centurion, South Africa.
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Products and Services
Products | Services |
---|---|
Risk (Insurance) and Savings (Income) Products | Active and Passive Investment Management |
Retirement Funds for Large Corporate and SMME Clients | Property Investment Management |
Retirement Annuities and Credit Life Cover | Wealth Creation and Preservation |
XYZ | XYZ |
XYZ | XYZ |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Plans/Strategy | In September, the company announced its plans to acquire the Outsurance Group’s 100% stake in the RMI Investment Managers Group. |
2022 | Contracts/Agreements | In September, the company selected Duco for its cloud-based data automation platform. |
2022 | Contracts/Agreements | In July, the company’s Momentum Investments selected SS&C Sylvan to help streamline and elevate its investment performance measurement activities. |
Competitor Comparison
Key Parameters | Momentum Metropolitan Holdings Ltd | Liberty Group Ltd | Old Mutual Ltd | Sanlam Ltd | OUTsurance Holdings Ltd |
---|---|---|---|---|---|
Headquarters | South Africa | South Africa | South Africa | South Africa | South Africa |
City | Centurion | Johannesburg | Cape Town | Bellville | Centurion |
State/Province | Gauteng | - | Western Cape | - | Gauteng |
No. of Employees | 15,991 | - | 31,866 | 120,105 | 5,954 |
Entity Type | Public | Private | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Paul Cambo Baloyi | Chairman | Executive Board | 2022 | - |
Jeanette Cilliers | Chief Executive Officer; Director | Executive Board | 2023 | - |
Lourens Botha | Chief Executive Officer - Guardrisk | Senior Management | 2023 | - |
Nontokozo Madonsela | Chief Marketing Officer - Group | Senior Management | 2017 | 44 |
Jan Lubbe | Chief Risk Officer - Group | Senior Management | 2013 | 52 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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