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Momentum Metropolitan reports record sales in latest audited results

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Momentum Metropolitan has issued its audited financial results for the year ended 30 June 2021, revealing record sales and declaring a final dividend of 15 cents per share.

On Wednesday, 8 September 2021, Momentum Metropolitan Holdings released its audited financial results for the year ended 30 June 2021. The group reported that the results had revealed a record in sales and the highest death claims.

The group noted an increase in operating profit, heightened by an increase in investment return of 80 percent to R934 million, and an increase of 31 percent in total new business volumes to R65.9 billion. Normalised headline earnings for the group decreased by 34 percent to R1 billion. Operating profit declined by 93 percent to R73 million, attributed to COVID-19 claims.

The decline in the group’s normalised headline earnings per share (HEPS) of 34 percent resulted in a HEPS amount of 67.1 cents, while earnings per share reportedly doubled to 31.3 cents per share. The group is also said to have declared a final ordinary dividend of 15 cents per share.


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