MOMENTUM METROPOLITAN HOLDINGS LIMITED 
From rocky to resilient
Jeanette Marais
Group Chief Executive Officer
26th UBS SA Financial Services Conference
- Resilience comes only from having been given the opportunity to work through difficult problems.
~ Gever Tulley
"
Overview
Touching the bottom
UnderstandingFixing the problemresilience
The results
Touching the bottom
Touching the bottom - MMI in 2018
Touching the bottom
Declining market share
Retail market share | Corporate market share |
2013 | 2014 | 2015 | 2016 | 2017 | 2013 | 2014 | 2015 | 2016 | 2017 |
Single premiums Recurring premiums | Single Premiums Recurring Premiums | ||||||||
LISP market share | Unit trusts market share |
2013 | 2014 | 2015 | 2016 | 2017 | 2013 | 2014 | 2015 | 2016 | 2017 |
Poor client service
Lack of financial discipline
Sales expenses as % of APE | VNB as % of sales expenses |
2011 2012 2013 2014 2015 2016 20172011 2012 2013 2014 2015 2016 2017
Weakening of financial metrics
2014 | 2015 | 2016 | 2017 | |
Headline earnings (Rm) | 3 245 | 2 885 | 2 101 | 1 872 |
v Value of new business (Rm) | 779 | 954 | 712 | 547 |
Present value of premiums (Rm) | 41 739 | 50 396 | 44 090 | 41 595 |
VNB margin (%) | 1.9% | 1.9% | 1.6% | 1.3% |
Shareholders lost confidence
Lib | Mo mentum | Disc | San | OM | Me tropolitan |
2016 | 2017 | 2018 |
Share price 5 years to May 2018
+107%
+60%
+36% -2% -23%
Ma y Ma y Ma y Ma y Ma y Ma y 2013 2014 2015 2016 2017 2018
TSR for period to May 2018
3 yr5yr
MMI Lib Average OM San Disc
Attachments
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Disclaimer
Momentum Metropolitan Holdings Ltd. published this content on 11 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2023 14:34:22 UTC.
