Strong Double-Digit Earnings Growth
Adjusted headline earnings per share grew by 17% to ZAR1.506 per share, indicating strong financial performance.
Increased Dividend
The Board declared a final dividend per share of ZAR0.52, bringing the total dividend for the year to ZAR0.86, an increase of 6% year-on-year.
Growth in Funds Under Management
Funds under management grew by 10% to ZAR1.5 trillion, supported by improved equity market performance in South Africa.
Launch of Old Mutual Bank
Old Mutual Bank (OM Bank) launched, beginning with employees and planning to expand to the public in 2025, seen as a major growth catalyst.
Exceptional Performance in Old Mutual Insure
Gross written premiums increased by 9% to ZAR21.9 billion, and the net underwriting margin improved to 6.2%, above the target range.
Growth in Wealth Management
Assets under management in Wealth Management increased by 14% to ZAR420.4 billion, with annuity revenue increasing by 12%.
Improved Sustainability Ratings
Improved MSCI ESG rating from AA to AAA, and maintained Level 1 BEE rating since 2019.