BizDay Zimbabwe
BizDay Zimbabwe

Zimbabwe's leading authority on business, finance and investment news.

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BizDay Zimbabwe

First Mutual Life

FML Medical Fund registers growth

THE First Mutual Medical Savings Fund has registered a growth margin of between 2% and 5% since its inception in April 2009, a company official said. The fund’s operations manager Washington Madziwadondo told businessdigest this week the portfolio has enjoyed steady growth four years into its existence. “The base membership is now bigger…

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First Mutual profit down

Zimbabwe Stock Exchange-listed insurance concern First Mutual Holdings Limited posted a 38% decline in profit after tax to $2,4 million from $3,9 million for the first six months of the year due to high claims ratios for various insurance businesses. During the six-month period claims for FMHL surged by 34% to $23 million resulting in tot…

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