FMHL gross premium firm in five months

Staff Reporter

First Mutual Holdings Limited (FMHL) Gross Premium Written (GPW) rose 494% to ZWL$3.92 billion during the five months to May 2021.

Douglas Hoto, the group chief executive, in a trading update said an estimated 40% of the revenue was US$ premium translated at the interbank rate.

In the Zimbabwe market, the forex premiums were US$9.2 million compared