Momentum Group Limited · JSE:MTM
Momentum — FY2020 Earnings Presentation
10 slides from Momentum's earnings presentation, 2020
Slide 1: Appendix
Appendix Os
Slide 2: Momentum Life
Momentum Life Normalised headline earnings (Rm) Covid-19 provision and investment markets -53% MILLION MILLION R30 Market impact 883 R316 Mortality 416 MILLION F2019 F2020 R50 Terminations Earnings update Operational highlights • Persistency levels on protection business improved • Sales were advers
Slide 3: Momentum Investments
Momentum Investments Normalised headline earnings (Rm) Investment markets -41% MILLION 512 R287 Market impact 303 F2019 F2020 Earnings update Assets under management • Change in yield curves impacted earnings negatively 162 175 159 • Improved uptake of Momentum funds on platforms • Improved support
Slide 4: Metropolitan Life
Metropolitan Life Normalised headline earnings (Rm) Covid-19 provision and investment markets MILLION -50% R275 Market impact MILLION 610 R108 Mortality 302 MILLION F2019 F2020 R72 Terminations Earnings update Operational highlights • Funeral lapse experience improved year-on-year • Agent productivi
Slide 5: Corporate
Momentum Corporate Normalised headline earnings (Rm) Covid-19 provision and investment markets -76% R102 MILLION Market impact MILLION 435 R275 Mortality MILLION F2019 104 F2020 R72 Morbidity Earnings update Operational highlights • Strong underwriting results before Covid-19 • Response to retailisa
Slide 6: Metropolitan Health
Momentum Metropolitan Health Normalised headline earnings (Rm) Membership growth (’000) -6% +2% 1 052 1 090 1 108 166 156 F2019 F2020 F2018 F2019 F2020 Earnings update Operational highlights • Good growth on fee income under tough operating • Improved digital capabilities conditions • Service levels
Slide 7: Non-life Insurance – Guardrisk
Non-life Insurance ̶ Guardrisk Normalised headline earnings (Rm) Covid-19 provision +62% MILLION 335 R38 Business Interruption 207 F2019 F2020 Earnings update Operational highlights • Solid topline growth supported by new business • Continued investment in technology and frontline growth in life and
Slide 8: Non-life Insurance – Momentum Short-term Insurance
Non-life Insurance ̶ Momentum Short-term Insurance Normalised headline earnings* (Rm) In-force policies +263% Momentum 81 679 Insurance 70 (MI) (43) 61 411 69 426 76 316 MSTI F2019 F2020 F2018 F2019 F2020 Earnings update Operational highlights • Premium growth continued its positive trend • First ti
Slide 9: Metropolitan Africa
Momentum Metropolitan Africa Normalised headline earnings (Rm) Covid-19 provision and investment markets +21% MILLION 262 317 R106 Market impact MILLION R52 Mortality F2019 F2020 Earnings update Operational highlights • Namibia’s life insurance and health profits in line with • Good membership growt
Slide 10: New Initiatives – India
New Initiatives ̶ India Our share of losses* (Rm) Direct support costs (Rm) -1% 53 36 32 (287) (290) 2017 2018 2019 F2019 F2020 Rolling 12 months up to December each year Driving value through scale 6 500+ 72% 76 8.3 million Hospital of ABHI Lives Networks premiums branches insured are retail *The r