Momentum hits R7bn earnings target a year early
Normalised headline earnings rose 13% to more than R7bn for the year to June, with five business units each contributing over R1bn.
Momentum Group Ltd., a South African insurer and investment group, reported its fiscal 2026 results on September 17, 2026, achieving its R7 billion normalized headline earnings target a year ahead of schedule. Every business unit within the company contributed to the profit, with five businesses each surpassing R1 billion in earnings.
The company's shares saw a modest 2.9% increase, trading at $0.355, but remained below its 52-week high of $1.485. This strong financial performance, characterized by a 13% increase in normalized headline earnings, positions Momentum among the top performers in the South African insurance industry.
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