Old Mutual Ltd. ( (ODMUF) ) has released its Q2 earnings. Here is a breakdown of the information Old Mutual Ltd. presented to its investors.
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Old Mutual Ltd. is a prominent African financial services group offering a wide range of financial solutions to retail and corporate customers across 12 countries, with a niche presence in China. The company has a rich heritage of over 180 years in sub-Saharan Africa, playing a vital role in the communities it serves.
In its latest interim results for the six months ending June 2025, Old Mutual Ltd. reported adjusted headline earnings of R4.2 billion, marking a 29% increase driven by strong underwriting performance and favorable equity markets. The company declared an interim dividend of 37 cents per share, reflecting a 9% increase, and announced a R3 billion share buyback to enhance shareholder value.
Key financial highlights include a 16% increase in results from operations, primarily due to growth in Old Mutual Insure and favorable market conditions. The company also reported a 7% growth in gross flows and a 5% increase in gross written premiums. However, the value of new business margin decreased to 1.3% due to assumption and model changes.
Old Mutual Ltd. has sharpened its strategic priorities, focusing on enhancing competitiveness in South Africa, deepening market leadership in Southern Africa, and evaluating growth markets. The company aims to drive shareholder value through disciplined capital allocation and operational efficiencies.
Looking ahead, Old Mutual Ltd. remains cautiously optimistic for the remainder of 2025, with a focus on executing strategic priorities and maintaining a strong balance sheet to create long-term value for shareholders.