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Old Mutual ( (ODMUF) ) has shared an announcement.
Old Mutual Limited has announced its interim results for the six months ending June 30, 2025, highlighting the impact of a share repurchase program and favorable financial markets. The company experienced significant growth in its operations, particularly in Old Mutual Insure, and saw increased shareholder investment returns due to strong equity market performances in South Africa and Malawi. However, the results were partially offset by a persistency basis change in the Mass and Foundation Cluster and higher central costs. The company also reported a decrease in IFRS profit and headline earnings due to a change in functional currency in Zimbabwe, although this had limited impact on net asset value.
More about Old Mutual
Old Mutual is a premium African financial services group offering a wide range of financial solutions to both 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, making it an integral part of the communities it serves and broader society on the continent.
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