About

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About

About2024-12-27T12:18:14+02:00

Who We Are

Commitment to Excellence and Innovation

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.

Our Investment Case

What sets FMHL apart as an investment opportunity

FMHL is a leading diversified financial services group offering integrated solutions across life assurance, health insurance, short-term insurance, reinsurance, property management, and investment services. The Group’s ability to adapt to dynamic environments and capitalize on growth opportunities positions it as a key player in the region.

FMHL consistently delivers robust financial performance and strategic growth:

  • A well-managed investment portfolio underpins its strong financial position.
  • The Group’s emphasis on sustainable and real asset investments enhances resilience and long-term value creation.
  • Ongoing efforts to optimize product offerings and expand client reach drive business performance across all units.
With operations spanning Zimbabwe, Botswana, and Mozambique, FMHL leverages regional synergies and diverse revenue streams:
  • Regional operations provide additional stability and growth potential beyond the core market.
  • A multi-cluster approach—spanning insurance, property, and microfinance—ensures balanced revenue sources and reduces risk.
  • Investments in technology improve service delivery, ensuring products remain relevant in evolving markets.
FMHL’s strategies ensure sustainable operations in volatile environments:
  • A proactive focus on USD-denominated products safeguards the value of insurance benefits and investments.
  • Continuous development of health services, property assets, and social initiatives demonstrates a commitment to both economic and societal advancement.
  • Active engagement with policymakers underscores FMHL’s role in promoting favorable regulatory and economic conditions.

FMHL is a resilient and forward-looking institution, committed to delivering value to investors and stakeholders through strategic agility, regional expansion, and a focus on innovation.

Meet our management team

Leadership That Drives Vision and Excellence

Meet our board of directors guiding our vision and strategy to elevate investor value.

Douglas Hoto

Group Chief Executive Officer

William Marere

Group Finance Officer

Frequently asked questions

Find answers to the most common queries about First Mutual Holdings Limited, from our services and investments to shareholder insights and beyond.

When do you release your financial results?2024-12-10T15:57:17+02:00

Our year-end is December. Abridged full year results are usually released in mid-March of the following year. Our half year-end is June, and the half year results are usually released in mid-September of the same year.

You may sign-up to receive email notifications of future release of our financial reports here.

How can I obtain a copy of the annual report and accounts?2024-12-10T15:54:30+02:00

An archive of our current and historical annual reports (together with other financial reports) is available on our website for download for free here.

You may sign-up to receive email notifications of future release of our financial reports here.

Can I have my dividends paid directly into my bank account?2024-12-10T15:57:29+02:00

Yes. Contact our transfer secretaries with your banking details by submitting a ticket here.

I would like to invest in the FMHL shares but I am not sure of the requirements2024-12-10T15:57:12+02:00

You need the services of any registered stock broker in Zimbabwe in order to buy or sell shares listed on the Zimbabwe Stock Exchange. Their contact details are available on the stock exchange website.

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