Momentum Metropolitan Holdings recorded a R278 million mortality loss for the nine months of its financial year compared to R1.1 billion over the same period in 2021.
The acquisition of Alexander Forbes' short-term insurance business did not deliver the performance that MMH expected in the first half of the group's 2022 financial year.
Insurance and financial services company Old Mutual raises provisions over excess Covid-19 claims iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.