Old Mutual Limited: Business Overview, Financials & Competitive Analysis
Old Mutual Limited scores 7/10 on the AskCyborg Cyborg Score (Solid). Established African financial conglomerate diversifying revenue through digital banking and regional expansion with solid profitability, though near-term growth momentum appears measured. In 2024, Old Mutual's revenue was 104.66 billion ZAR (5.40% increase) with earnings of 7.67 billion ZAR (8.55% increase). The company demonstrates solid fundamentals with strategic digital expansion.
What is Old Mutual Limited's industry? Old Mutual Limited (oldmutual.com) operates in Financial Services - Insurance, Banking, Asset Management & Wealth Management. AskCyborg classifies Old Mutual Limited under Financial Services - Insurance, Banking, Asset Management & Wealth Management in its company registry.
Old Mutual Limited, together with its subsidiaries, provides financial services primarily in South Africa and rest of Africa through segments including Mass and Foundation Cluster, Personal Finance and Wealth Manageme...
Cyborg Score thesis
Established African financial conglomerate diversifying revenue through digital banking and regional expansion with solid...
Read the full analyst-debate transcript →Get the Latest Old Mutual Limited Report
Up-to-date AI-powered research, analyst debate audio & saved-company playlists
Get Current Report FreeOld Mutual Limited Overview
Pro stress-test →Old Mutual Limited, together with its subsidiaries, provides financial services primarily in South Africa and rest of Africa through segments including Mass and Foundation Cluster, Personal Finance and Wealth Management, Old Mutual Investments, Old Mutual Corporate, Old Mutual Insure, and Old Mutual Africa Regions, offering risk products, savings, lending, transactional products, financial advice, investment and income products, as well as asset management services. The company is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries.
Strategic Profile
Pro stress-test →Old Mutual generates the majority of its revenue from the insurance sector, followed by asset management, with the South African market as its main market reflecting strong presence and historical roots, while in recent years the company has expanded operations in the rest of Africa to capitalize on growth opportunities in emerging markets. Recent strategic initiatives include launching the digital-only OM Bank subsidiary in 2025, which reached 150,000 customers and announced a goal of reaching break-even by 2028.
Competitive Landscape
Pro stress-test →Old Mutual is a leading African financial services group offering a wide range of financial solutions to retail and corporate customers across 17 countries, with primary operations in South Africa and the rest of Africa. The company competes in multiple segments including insurance, asset management, and banking, competing against specialized players and diversified conglomerates across Africa. Over the past year, OMU exceeded the ZA Insurance industry which returned 12.6%.
Industry Context
Old Mutual Limited operates in Financial Services - Insurance, Banking, Asset Management & Wealth Management.
Key facts
Founded: 1845 · Headquarters: Cape Town, South Africa · Employees: 28,100-29,861 · Revenue: ZAR 107.61B (12-month) · Market cap: $4.3B ZAR 63.43-70.70B