Provides insurance, asset management and financial services
MMI Holdings Ltd. is a financial services company. Its businesses are long and short-term insurance, asset management, savings, investment, healthcare administration and employee benefits. These product and service solutions are provided through two consumer brands Metropolitan and Momentum. The company operates its business through the following segments: Momentum Retail, Metropolitan Retail, Momentum Employee Benefits, Metropolitan International, Momentum Investments and Metropolitan Health. The Momentum Retail segment provides wealth creation and preservation, insurance and income products through tied agents and independent advisers to customers in the middle to upper-income and wealth market segments in South Africa. The Metropolitan Retail segment focuses on meeting the needs of clients in the lower to middle-income market, including extended families by providing savings, income generation and income protection products. The Momentum Employee Benefits segment provides administration, insurance and investment solutions to employers and retirement funds in both the large corporate and the small, micro and medium enterprise market segments. The Metropolitan International segment concentrates on satisfying the short and long-term insurance, savings and investment, health insurance and healthcare administration, and pension fund administration needs of retail and institutional customers. The Momentum Investments segment provides a full spectrum of investment services in South Africa, Africa and selected international markets. The Metropolitan Health segment provides medical scheme administration, managed healthcare, healthcare-related information technology and open scheme distribution. MMI Holdings was founded on December 1, 2010 and is headquartered in Gauteng, South Africa.