Metropolitan Life

Flag this page

Address
Mispel Road
Bellville, Cape Town
South Africa
Ads
Phone
0860 724 724
Fax
021 940 6142
E-Mail
Email contact form
Website
http://www.metropolitan.co.za


Metropolitan Life

At Metropolitan, we’re interested in “Creating prosperity for Africa’s people” and we aim to achieve this through affordable financial solutions that create financial growth and security. We aim to grow wealth and support the health of Africa’s people by providing them with specialised medium to long-term insurance, administration and investment solutions.

Metropolitan primarily targets the lower and middle-income markets in southern Africa and it is the largest financial services group to do so. Our competitors include four large financial services conglomerates and a couple of smaller, niche life insurance businesses. We are among the top three life insurance groups in southern Africa in terms of numbers of clients. The products offered by Metropolitan range from assurance of individuals, retirement annuities, medical aid products, unit trusts, and investment products, credit life benefits and employee benefit packages for both large and small companies.

Metropolitan’s humble origins date back to the closing years of the 1800’s. Back then it was known by another name: the African Homes Trust Ltd, and the nature of its business (which was to assist in the building of homes) was very different from what it is today.

Today, Metropolitan (now 109 years old) is a well-established, truly African-based business providing aspirational individuals, and the people who represent them, with customised financial service packages that protect and enhance their assets. Metropolitan’s shareholder, customer, staff and staff share ownership profiles are amongst the most representative in the financial services sector in South Africa.

In shareholding terms, Metropolitan has a direct empowerment shareholding of 17.8%. Indirect empowerment shareholdings (including staff) have not been taken into account.

From a customer perspective, Metropolitan has been providing need-specific financial services in the lower to middle income market for over a hundred years. The majority of existing policyholders (in excess of 80%) are black.

Although the brand accommodates individuals with financial aspirations from across the income spectrum, the group’s focus remains on the lower and middle income markets. Subsidiaries have full operational autonomy, giving them the necessary freedom and flexibility to respond proactively to opportunities and challenges in the marketplace.

The Metropolitan group comprises six independent operating businesses, each with clearly defined areas of focus, performance and profit objectives: retail, corporate, asset management, international, health & card operations.

Flag this page

Similar Entries of Metropolitan Life

Financial Advice South Africa

JE Financial Consulting are Independent Financial Advisers with 24 years of experience, registered and accredited to all the major Life Assurers,...

Tryfinance Financial Services

We are poised to become the largest and fastest-growing full-service black business brokerage in the country with over 3000 Black Economic...

Glacier Financial Solutions (Ptv) Ltd

We understand that when it comes to investment advice, you expect nothing less than the best. That's why Glacier has partnered With the Chicago-based...

Old Mutual

Old Mutual is the largest and most well-established financial services provider in Southern Africa. Our prominent position in the industry is...

Exclusive Access Trading 41

Ian Cloete (Wellington): Ian Cloete CFP Financial Services is a Certified Financial Planner (FSP NO: 7142). Ian Cloete joined the Assurance Industry...

Centre for Financial Planning Law

The University of the Free State, through its Centre for Financial Planning Law, in partnership with the Financial Planning Institute of South Africa...

Nelson Mandela Metropolitan University

The Nelson Mandela Metropolitan University is an engaged and people-centred university that serves the needs of its diverse communities by...