PROFILE
FINANCIALS/ LIFE ASSURANCE
METROPOLITAN
TERTIARY SEGMENT
www.metropolitan.co.za
VALUE PROPOSITION
As one of South Africa’s top financial services companies, Metropolitan mainly serves the needs of the middle and lower income markets with the goal of creating prosperity for Africa’s people. This is achieved by providing them with specialised medium to long-term insurance, administration and investment solutions. Our services range from assurance for individuals, retirement annuities, medical aid products, unit trusts, and investment products to credit life benefits and employee benefit packages for both large and small companies. Metropolitan provides a wide range of services to help people and companies deal with any financial situation – whether it’s an educational policy to cover university fees, or an investment package that helps create wealth over the years. Insurance is one of those things that usually goes on behind the scenes, but the spread of insurance to ordinary people over the past hundred years has transformed society. Previously, only extremely wealthy people could afford to insure their lives and their businesses. Nowadays, the security that affordable insurance brings makes it possible for ordinary people to reach for their dreams without risking losing everything they have in the process. Metropolitan currently operates in eight different African countries – South Africa, Namibia, Botswana, Lesotho, Swaziland, Kenya, Ghana and Nigeria. It is among the top three life insurance groups in southern Africa in terms of numbers of clients, and is the second ranked financial services brand in terms of client affinity.
Wilhelm van Zyl Group Chief Executive
COMPANY INFORMATION STATISTICS/ DEMOGRAPHICS/ HISTORY Year founded: 1898 Founding members: Robert Edson and Ernest Garland Employees: 9 800 Branches: 250 branches countrywide and 2 call centres Strategic partnerships: Kagiso Trust Investments
EMPOWERMENT STATUS
Ownership
22.00
BUSINESS & FINANCE Turnover: R12 482-million Net profit before tax: R1 669-million Financial year-end: December Market share: 10% of retail life insurance market Subsidiaries: Metropolitan Life, Metropolitan Odyssey, Metropolitan Asset Manager, Metropolitan Employee Benefits, Metropolitan Health Group, Metropolitan International, Metropolitan Namibia, Metropolitan Botswana, Metropolitan Lesotho Holding company: Metropolitan Holdings Limited Bank: Absa Accountants: PricewaterhouseCoopers Inc. JSE listing and date: 21 September 2001 (previously listed as New Africa Capital) Foreign listing and date: Dual listing on Namibian Stock Exchange in 1995 Current customer base: 10 million across all businesses
Management Control
10.04
Employment Equity
10.48
www.impumelelo.net
“One of South Africa’s top financial services companies.”
SCORECARD Rating date
1 October 2008
Level 3 Contributor – 83.79 points
Skills Development
3.96
Preferential Procurement
17.31
Enterprise Development
15.00
Socio-Economic Development Verified by
5.00 Aqrate
FAST FACTS 1. A leading financial services group addressing the needs of middle and low income individuals 2. Strategic partner – Kagiso Trust Investments 3. Listed on the JSE (South Africa)
CONTACT INFORMATION Chairman of the board: JJ Njeke Group Chief Executive: Wilhelm van Zyl Group Executive - Finance: Preston Speckmann Group Executive - People Services: Wiebke Lusted Group Executive - Group Empowerment & Corporate Affairs: Nkosinathi Chonco Group Executive - Corporate Governance: Thobeka Sishuba-Mashego Chief Executive - Health: Blum Khan Chief Executive - Corporate: John Melville Chief Executive - International: Mervyn Cookson Physical address: Building No.6, Parc du Cap Complex, Mispel Road, Bellville 7535 Telephone: +27 (0)21 940 5911 Fax: +27 (0)21 940 6142 Website: www.metropolitan.co.za Email: info@metropolitan.co.za Customer care number: 0860 724 724
I M P U M ELELO 2010
VOLUME 11
191
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