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Old Mutual ( (ODMUF) ) has shared an update.
Old Mutual has refined its strategic priorities to focus on disciplined execution, operational efficiency, and capital allocation to enhance its competitive positioning and drive growth. The company reported a marginal increase in Life APE sales and gross flows, while net client cash flow was adversely impacted by significant outflows in Old Mutual Investments. Despite a slight decrease in loans and advances, gross written premiums increased by 5%, driven by growth in Old Mutual Insure and various African regions. The company is committed to delivering long-term value for shareholders, with progress against revised value creation metrics to be reported from 2026.
More about Old Mutual
Old Mutual is a premium African financial services group offering a wide range of financial solutions to retail and corporate customers across key market segments in 12 countries. Primarily operating in Africa, with a niche presence in China, Old Mutual has over 180 years of heritage in sub-Saharan Africa, playing a vital role in the communities it serves and the broader society on the continent.
For an in-depth examination of ODMUF stock, go to TipRanks’ Overview page.