Investor Relations

Performance Highlights

FY – 2023

The profit for the year of $348.3 billion represented a growth of 285%, attributable to the increases in ICR, rental income, net fair value gains in investment properties as well as listed equities.

The Group will continue to employ an agile strategy framework to navigate emerging markets risks and utilise group synergies to respond to the macro-economic environment in the pursuit of profitable returns to its stakeholders.

Douglas Hoto, Group Chief Executive Officer

First Mutual Holdings Limited

First Mutual Holdings Limited is a leading financial management group in Zimbabwe offering services in risk management, wealth creation and wealth management in the insurance sector.

The Group has more than a hundred years of serving Zimbabwe by provision of economic dignity though its strategic business units. We have diverse interests in life assurance, health insurance, short term insurance; short term re-insurance; long term re-insurance; wealth management, property sector, funeral services and microfinance housed under the following subsidiaries; First Mutual Life, First Mutual Health, NicozDiamond Insurance, First Mutual Reinsurance, FMRE Property & Casualty (Botswana), First Mutual Wealth Management, First Mutual Properties, First Mutual Funeral Services and First Mutual Microfinance.

3 Reasons to Consider Investing in First Mutual Holdings Limited

Financial Market Leader

A leading financial services group that is committed to creating value through risk management, wealth creation, and wealth management predominantly in the insurance sector

Experience & Diversification

Over a century of serving Zimbabwe through the provision of economic dignity though its strategic business units with interest in short term insurance; short term re-insurance; life assurance; long term re-insurance; as well as the property sector

Looking Beyond Zimbabwe

We examine trends in the African economies with the expectation of developing sub-Saharan opportunities and converting them to increased business for the company using existing group synergies to maximum advantage