Our structure



MMI Holdings Limited ("MMI")

MMI, South Africa's third largest insurer, was formed from the merger of Metropolitan and Momentum, both sizeable insurance-based financial services players in South Africa. The core businesses of MMI are long-term insurance, asset management, investment and healthcare administration, as well as employee benefits. Product solutions are provided to all market segments. MMI operates in 12 countries outside of South Africa. It provides for the assurance needs of individuals in the lower, middle and upper income markets, principally under the Momentum and Metropolitan brand names.


Discovery Holdings Limited ("Discovery")

Discovery services the health care funding and insurance markets in South Africa, the United Kingdom, United States and China. It is a pre-eminent developer of integrated financial services products and operates under the Discovery Health, Discovery Life, Discovery Card, Vitality, PruHealth and PruProtect brand names.


OUTsurance Holdings Limited ("OUTsurance")

OUTsurance is a direct personal lines and business short-term insurer. Pioneers of the OUTbonus concept, it has grown rapidly by applying a scientific approach to risk selection, product design and claims management. Youi, its direct personal lines initiative in Australia, and its South African direct life insurance businesses are still in a start-up phase.


RMBSI Investments (Proprietary) Limited ("RMBSI")

RMBSI holds both short-term and life assurance licenses. It creates bespoke insurance and financial risk solutions for South Africa's large corporations by using sophisticated risk techniques and innovative financial structures. In addition it part owns a portfolio of underwriting management agencies.



* RMI Holdings' actual interest in these group entities is different from the effective interest as a result of the following consolidation adjustments (here):

  • treasury shares held by these entities;
  • shares held in them by their staff share incentive trusts;
  • "deemed" treasury shares arising from BEE transactions entered into; and
  • "deemed" treasury shares held in them by policyholders and mutual funds managed by them.

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