Metropolitan Life Insurance
Metropolitan Holdings LTD is the largest financial services group primarily targeting the lower and middle-income markets in Southern Africa. The primary consumer brand within the New Africa Capital group is Metropolitan. Metropolitan is among the top three life insurance groups in Southern Africa in terms of number of customers as per the Markinor survey in the Sunday Times. The Metropolitan brand is ranked second in terms of trust, confidence and loyalty.
Recently Metropolitan and Momentum merged to form what is now known as MMI Holdings. Metropolitan and Momentum, sizable insurance-based financial services players in South Africa boasts a total assets of about R414 billion and an embedded value of some R29 billion. MMI was already the third largest life insurer in South Africa when it listed on the JSE Stock Exchange on 1 December 2010. The complementary nature of the Metropolitan and Momentum businesses positions MMI as a performance and cost-driven entity with a strong focus on its 16,000 people, on products and service excellence.
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