FMHL flags currency risks to savings

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FIRST Mutual Holdings Limited (FMHL) says repeated currency shifts and persistent inflation con­tinue to undermine public confidence in long-term savings products, weighing on insurance uptake. This is despite sustained growth in the group’s core life insurance opera­tions, which continue to drive earnings. In its 2025 annual report to Decem­ber 31, the diversified financial services group…