Investor Relations

Performance Highlights

FY – 2022

Gross Premium for the year amounted to $76.6 billion in inflation adjusted terms which was 55% above the prior year and $55.2 billion in historical terms, representing a 384% increase over the prior year.

FMHL: FY2022 - Gross Premium Written: +55%
FMHL: FY2022 - Profit After Tax: +110%
FMHL: FY2022 - Total Assets: +36%

The solid financial position of the Group, coupled with diversified revenue streams and the growing contribution of regional businesses is expected to contribute towards sustainable growth and value creation for our stakeholders.

Douglas Hoto, Group Chief Executive Officer

Simbisa Brands

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.

Company Information

Registered Name First Mutual Holdings Limited (
ISIN ZW 000 901 219 7
Ticker Code
Sector Insurance
Stock Exchange Zimbabwe Stock Exchange
Chairman Amos R T Manzai
Group Chief Executive Douglas Hoto
Company Secretary Sheila Frances Lorimer
Transfer Secretary First Transfer Secretaries (Pvt) Ltd (zw)
Year End December
Year Founded 1990
Year Listed 2003

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

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