The Momentum Group is expecting a massive jump in earnings for the six months ending December 2024, with all its business units showing robust performances. <\/p>\n\n\n\n
In a trading statement, the group said that earnings per share and headline earnings per share are expected to increase by between 50% and 55% to a range from 240 to 248 cents per share. <\/p>\n\n\n\n
The group said that its strong operational performance delivered robust earnings across all of its business units. <\/p>\n\n\n\n
It added that earnings benefitted from the good performance on the existing book of business, which was buoyed by improved persistency experience variance in most of its local life insurance businesses.<\/p>\n\n\n\n
The group said that mortality and morbidity claim variance remains positive, even if it is less positive than in prior periods. <\/p>\n\n\n\n
It added that strong underwriting discipline and favourable weather conditions resulted in a strong recovery in Momentum Insure’s earnings. <\/p>\n\n\n\n
Guardrisk also saw notable growth in its underwriting profits and management fee income. <\/p>\n\n\n\n
Results further benefitted from higher market returns and good yield curve shifts over the period, while strong cash generation supported the group\u2019s capital and liquidity position.<\/p>\n\n\n\n
The group will release its interim results for the six months that ended in December on Thursday, 20 March 2025. <\/p>\n\n\n\n The Momentum Group is expecting a massive jump in earnings following robust performances from all its business units. <\/p>\n","protected":false},"author":95,"featured_media":812755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[6652],"class_list":["post-814276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-momentum"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/814276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=814276"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/814276\/revisions"}],"predecessor-version":[{"id":814591,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/814276\/revisions\/814591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/812755"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=814276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=814276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=814276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Financials<\/strong><\/td> H1 FY24<\/strong> Reported<\/strong><\/td> H1 FY25<\/strong> Expected<\/strong><\/td> % Change<\/strong><\/td><\/tr> Earnings per share<\/td> 159.9<\/td> 240 to 248<\/td> 50% to 55%<\/mark><\/td><\/tr> Headline earnings per share<\/td> 159.9<\/td> 240 to 248<\/td> 50% to 55%<\/mark><\/td><\/tr> Normalised headline earnings
per share<\/td>168.0<\/td> 241 to 249<\/td> 43% to 48%<\/mark><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"