FMHL GPW up 494% y/y to May 31, 2021
Bulls n Bears
info at bulls.co.zw
Wed Jun 30 12:59:46 CAT 2021
<http://www.firstmutual.co.zw/>
Harare-ZSE listed Insurance and Property Management Group, First Mutual
Holdings Limited (FMHL) saw its Gross Premium Written (GPW) rising 494% to
ZWL$3.92bn for the period ended 31 May 2021 vs ZWL$0.66bn in prior year.
Giving the trading update at the Group's AGM, the Group CEO, Mr Douglas Hoto
indicated that an estimated 40% of the GPW was US$ premium translated at the
interbank rate. In the Zimbabwe market, the forex premiums stood at circa
US$9.2m vs US$1.5m in the prior period as an increased number of clients
were preferring to cover in US$ to limit the extend of shortfalls or
excesses. Read more
<https://bullszimbabwe.com/fmhl-gpw-up-494-y-y-to-may-31-2021/> >>
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