Insurance

Momentum Insurance revamps Africa strategy to hit $386m profit target by 2027

Amarachi Orjiude-Ndibe

A large building in the background with bold text reading "Momentum Metropolis" displayed boldly on its facade. In the foreground, tall shrubs partially frame the view.

South Africa’s leading insurer reports record $370m profit

Amarachi Orjiude-Ndibe

Momentum Group Ltd. is set to revamp its Africa operations as part of a broader strategy to drive a 60% profit boost and increase its headline earnings from the region to $386.1 million by 2027.

The insurers performance was buoyed by higher demand for its general insurance and wealth management products in South Africa.

Top stories

Momentum Insurance revamps Africa strategy to hit $386m profit target by 2027

The move aligns with a broader plan to improve efficiency and expand market share in its active markets across the continent.

Follow the story

South Africa’s leading insurer reports record $370m profit

The insurers performance was buoyed by higher demand for its general insurance and wealth management products in South Africa.

Follow the story

Momentum Group Ltd. is set to revamp its Africa operations as part of a broader strategy to drive a 60% profit boost and increase its headline earnings from the region to $386.1 million by 2027.

The insurers performance was buoyed by higher demand for its general insurance and wealth management products in South Africa.

Explore

Reach our audience