Investor Relations
First Mutual Holdings Limited (FMHL.zw)
Three Reasons to Consider Investing in First Mutual Holdings Limited (FMHL.zw)
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 sectorLooking 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 advantageOur Share Price in Action
ACTIVITY
MARKET INFO
FUNDAMENTALS
Notes:
P/E: This multiple is based on the current market price and the historic earnings per share.
P/B: This multiple is based on the current market price and the historic net assets.
Top Shareholders31st December, 2018
Company Information
Featured News
Events Calendar
News Archive
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March 16, 2020
FMHL | Further Cautionary Announcement
Further to the cautionary announcements published on 3
Corporate announcement -
February 24, 2020
FMHL | Further Cautionary Announcement
Further to the cautionary announcement published on 3 F
Corporate announcement -
February 3, 2020
FMHL | Cautionary Announcement
Shareholders are advised that First Mutual Holdings Lim
Corporate announcement -
November 14, 2019
First Mutual Holdings Notice to Shareholders: Publication of Q3 interim results
In line with section 35(4) of the Securities and Exchan
Corporate announcement, Earnings -
September 5, 2019
FMHL | Unaudited HY2019 Abridged Financial Results and Presentation
CHAIRMAN’S STATEMENT ECONOMIC OVERVIEW Zimbabwe’s Gross
Corporate announcement, Earnings -
September 5, 2019
FMHL declares H1 2019 interim dividend of ZWL 1.5 million, being 21 ZWL cents per share
At a meeting held on 30 August 2019, the Board resolved
Corporate announcement, Dividends, Earnings -
June 7, 2019
FMHL | Release of 2018 Annual Report
CHAIRMAN’S STATEMENT During the year the Group embarked
Corporate announcement, Earnings -
April 17, 2019
FMHL | FY2018 Audited Abridged Financial Results and Analysts Presentation
CHAIRMAN’S STATEMENT ECONOMIC OVERVIEW The Zimbabwe eco
Corporate announcement, Dividends, Earnings -
October 8, 2018
FMHL | Notice of the proposed transfer of TristarInsurance Company Limited
Notice of the proposed transfer of TristarInsurance Com
Corporate announcement -
September 13, 2018
FMHL | Unaudited HY2018 Abridged Financial Results and Presentation
Consolidated Financial Results Commentary GPW went up 4
Corporate announcement
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Documents and Reports
First Mutual Holdings Limited (FMHL.zw) invites you to review its latest published financial reports: half year reports, annual reports / reference documents. All the listed documents may also be downloaded.
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Zimbabwe : Insurance
First Mutual Holdings Limited (FMHL.zw) HY2019 Interim Report
HY2019 Interim Reports -
Zimbabwe : Insurance
First Mutual Holdings Limited (FMHL.zw) HY2019 Presentation
HY2019 Presentations -
Zimbabwe : Insurance
First Mutual Holdings Limited (FMHL.zw) 2018 Annual Report
2018 Annual Reports -
Zimbabwe : Insurance
First Mutual Holdings Limited (FMHL.zw) 2018 Abridged Report
2018 Abridged Reports -
Zimbabwe : Insurance
First Mutual Holdings Limited (FMHL.zw) 2018 Presentation
2018 Presentations -
Zimbabwe : Insurance
First Mutual Holdings Limited (FMHL.zw) HY2018 Presentation
HY2018 Presentations -
Zimbabwe : Insurance
First Mutual Holdings Limited (FMHL.zw) HY2018 Interim Report
HY2018 Interim Reports -
Zimbabwe : Insurance
First Mutual Holdings Limited (FMHL.zw) 2017 Annual Report
2017 Annual Reports -
Zimbabwe : Insurance
First Mutual Holdings Limited (FMHL.zw) 2017 Abridged Report
2017 Abridged Reports -
Zimbabwe : Insurance
First Mutual Holdings Limited (FMHL.zw) 2017 Presentation
2017 Presentations
Fundamentals
The facts that affect First Mutual Holdings Limited (FMHL.zw)‘s underlying value.
Corporate Governance
The Group is committed to promoting the highest standards of ethical behaviour amongst all its employees. All employees are required to maintain the highest ethical standards in ensuring that the Group’s business practices are conducted in a manner which in all reasonable circumstances is above reproach. Furthermore, all employees are required to observe the Group’s Code of Ethics. The Group is a subscriber to an independently managed fraud hotline system.
Composition of the Board
The Board of Directors is chaired by an independent non-executive director and comprises seven other non-executive and two executive directors. The Board enjoys a strong mix of skills and experience. The Board is the primary governance organ.
Executive Directors
- D Hoto (Group Chief Executive Officer)
- W M Marere (Group Finance Director)
Non-Executive Directors
- O Mtasa (Chairman)
- G Baines
- E Mkondo
- E Moyo
- M Mukondomi
- S V Rushwaya
- A R T Manzai
- D Tomana
Combined Audit and Actuarial Committee
E Mkondo (Chair), C Chetsanga, N Dube, M Mukondomi
The Combined Audit and Actuarial Committee comprises four (4) non-executive directors, one of whom is the Chairperson. The Group Chief Executive Officer and Group Finance Director attend these meetings in ex-officio capacities. The Combined Audit and Actuarial Committee has written terms of reference and is tasked with ensuring financial discipline within the Group, sound corporate values and financial procedures.
This Committee is further tasked with reviewing and recommending the interim and annual financial statements of the Group and considering any accounting practice changes. The Committee also recommends the appointment and reviews the fees of the external auditors. The Group’s Audit and Risk Management Executive and the independent auditors are invited to attend all meetings and have unrestricted access to this Committee to ensure their independence and objectivity.
In respect of actuarial work, the Committee is tasked with protecting policyholders’ interests by:
- Ensuring separate accounting for the assets of policyholders and shareholders of the insurance companies in the Group;
- Devising and ensuring adherence to profit participation rules; and
- Reviewing actuarial valuation reports and monitoring implementation of actuarial recommendations.
The actuary of the Group is invited to attend all the Committee meetings.
Group Human Resources and Governance Committee
S V Rushwaya (Chair), J Sekeso, O Mtasa, E Moyo
This Committee comprises four (4) non-executive directors of First Mutual, one of whom is the Chairperson. This Committee is mandated to deal with staff development and formulate remuneration policies as well as approve remuneration packages for executive directors and senior executives. The Committee is responsible for reviewing and assessing organizational structure in line with the Strategy and makes recommendations to the Board. The Committee reviews recruitment procedures and strives to ensure that remuneration packages remain competitive. The Committee acts as a Nominations Committee for Directors to Boards in the Group and, in addition, the Committee considers wider corporate governance issues and related party transactions…
Investments Committee
R T Vela (Chair), O Mtasa, A R T Manzai
This Committee comprises three (3) non-executive directors (one of whom is the Chairperson). The Group Chief Executive Officer and Group Finance Director attend in ex officio capacities. The Committee formulates investments strategy and policy, reviews the performance of investments within the Group and recommends new investments for approval by the Board. The Committee assists the Board in reviewing the implementation of investment policies and ensures that portfolio management is conducted in accordance with the Group’s policies.
The role of the Board is to determine overall policies, plans and strategies of the Group and to ensure that these are implemented in an ethical and professional manner. The Board meets regularly, at least four times a year, and guides corporate strategy, risk management practices, annual budgets and business plans.
Special Board meetings may be convened on an ad-hoc basis when necessary to consider issues requiring urgent attention or decision. The Company Secretary maintains an attendance register of Directors for all scheduled meetings during the year through which Directors can assess their devotion of sufficient time to the Group.
The Board has overall responsibility for ensuring the integrity of the Group’s accounting and financial reporting systems including the independent audit, and that appropriate systems of control, risk management and compliance with laws are in place.
To ensure effectiveness, Board members have unfettered access to information regarding the Group’s operations which is available through Board meetings, Board and Management Committees as well as Strategic Planning workshops organised by the Group. Directors may, at the Group’s expense, seek independent professional advice concerning the Group’s affairs.
The Board appointments are made to ensure a variety of skills and expertise is represented on the Board. A third of the Directors are required to retire on a rotational basis each year along with any Directors appointed to the Board during the year.
Executive directors are employed under performance driven service contracts setting out responsibilities of their particular office.
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Registered Address
First Mutual Holdings Limited (FMHL.zw)Address:- First Mutual Park
100 Borrowdale Road
Box BW178, Harare, Zimbabwe
Telephone:- +263-242 886 000-17
Transfer Secretaries
First Transfer Secretaries (Pvt) Ltd (zw)Address:- 1 Armagh Avenue, Eastlea
P.O. Box 11
Harare, Zimbabwe
Telephone:- +263-242-782869/72