Old Mutual Reports Mixed Q1 2025 Performance Amid Economic Challenges

An announcement from Old Mutual ( (ODMUF) ) is now available.

Old Mutual’s voluntary operating update for Q1 2025 highlights mixed macroeconomic performance across its African markets, with challenges such as tariffs and inflation impacting results. Despite a 6% increase in gross flows driven by strong inflows in Wealth Management and international funds, the company faced significant net client cash outflows due to restructuring by a large offshore investor and the exit of unprofitable business. Gross written premiums grew by 7%, bolstered by fee increases and strong performance in Old Mutual Insure, while the launch of OM Bank remains on track. The company’s regulatory solvency ratios remain robust, and it continues to monitor economic recovery reserves amid ongoing economic uncertainty.

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 business in China, Old Mutual has over 180 years of heritage in sub-Saharan Africa, playing a vital role in the communities it serves.

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