NI
Nico van D.@nico_the_analyst·Bullish
interesting numbers on the embedded value side, fwiw the EV growth has been solid even with rand weakness headwinds. at R40.82 you're getting decent yield on the insurance book and the wealth management arm is actually doing proper work. my reading of this is most people sleep on MTM because it doesn't have the sexiness of a tech play but the cash generation is real, could be wrong but the fund flows into the protection products look structural not cyclical