Old Mutual

OverviewSuggest Edit

Old Mutual Group is an international investment, savings, insurance, and banking company. It offers life savings, property and casualty insurance, asset management, banking, and lending products and services.

TypePublic
Founded1845
HQJohannesburg, ZAMap
Websiteoldmutual.com
Employee Ratings3.7More

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2020)29,830
Revenue (FY, 2020)R146.5 B(-16%)
Share Price (Nov 2021)R14.3
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Key People/Management at Old Mutual

Trevor Manuel

Trevor Manuel

Chairperson and Independent Non-Executive Director
Iain Williamson

Iain Williamson

Chief Executive Officer
Raymond Berelowitz

Raymond Berelowitz

Customer Solutions Director
Albert Essien

Albert Essien

Independent Non-Executive Director
Peter de Beyer

Peter de Beyer

Lead Independent Director
Khaya Gobodo

Khaya Gobodo

Managing Director: Old Mutual Investment
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Old Mutual Office Locations

Old Mutual has offices in Johannesburg, Cape Town and Harare
Johannesburg, ZA (HQ)
107 Rivonia Rd
Cape Town, ZA
Jan Smuts Drive Pinelands, 7405
Harare, ZW
100 The Chase
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Old Mutual Financials and Metrics

Old Mutual Revenue

Old Mutual's revenue was reported to be R146.53 b in FY, 2020 which is a 16.8% decrease from the previous period.
ZAR

Revenue (H1, 2021)

120.2b

Net income (H1, 2021)

3.4b

Market capitalization (10-Nov-2021)

6.8t

Closing stock price (10-Nov-2021)

14.4

Cash (30-Jun-2021)

32.5b

EV

6.7t
Old Mutual's current market capitalization is R6.8 t.
Annual
ZARFY, 2018FY, 2019FY, 2020

Revenue

109.9b176.1b146.5b

Revenue growth, %

(100%)60%(17%)

Operating expense total

102.0b163.7b141.8b

Pre tax profit

8.5b13.8b(3.3b)
Half Year
ZARH1, 2019H1, 2020H1, 2021

Revenue

100.2b43.1b120.2b

Operating expense total

94.5b41.4b114.2b

Pre tax profit

7.2b(6.6b)7.1b

Income tax expense

1.4b(579.0m)3.7b
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Annual
ZARFY, 2018FY, 2019FY, 2020

Cash

32.3b30.5b33.6b

Accounts Receivable

21.2b21.0b7.8b

PP&E

7.7b9.9b9.0b

Total Assets

881.6b910.9b940.7b
Half Year
ZARH1, 2019H1, 2020H1, 2021

Cash

34.3b31.2b32.5b

Accounts Receivable

21.3b19.0b17.6b

PP&E

9.2b9.2b7.8b

Total Assets

908.2b899.5b988.7b
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Annual
ZARFY, 2018FY, 2019FY, 2020

Net Income

8.5b13.8b(3.3b)

Cash From Operating Activities

24.9b12.2b23.3b

Purchases of PP&E

(550.0m)(935.0m)(767.0m)

Cash From Investing Activities

(3.9b)(5.1b)14.7b
Half Year
USDH1, 2019H1, 2020H1, 2021

Net Income

7.2b(6.6b)7.1b

Cash From Operating Activities

12.2b7.5b(4.5b)

Purchases of PP&E

(502.0m)(336.0m)(262.0m)

Cash From Investing Activities

(7.2b)(2.1b)6.1b
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ZARFY, 2018

Revenue/Employee

11.0m

Debt/Equity

0.2 x

Financial Leverage

10.8 x
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Old Mutual Operating Metrics

Old Mutual's Assets Under Management was reported to be R750.7m in H1, 2021.
FY, 2018H1, 2019FY, 2019H1, 2020FY, 2020H1, 2021

Active Accounts

211 k296.39 k406 k1.1 m

Assets Under Management

R724.4 mR763 mR766.5 mR639.8 mR691.2 mR750.7 m

Branches

348356368

Countries

1714141414
Show all operating metrics

Old Mutual Revenue Breakdown

Embed Graph

Old Mutual revenue breakdown by business segment: 13.1% from Mass and Foundation Cluster, 32.1% from Old Mutual Corporate, 7.6% from Old Mutual Insure, 34.9% from Personal Finance and Wealth Management, 9.3% from Rest of Africa and 3.1% from Other

Old Mutual Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Old Mutual Online and Social Media Presence

Old Mutual's Trends

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Old Mutual News and Updates

September 13, 2021

Old Mutual Insure, South Africa's Oldest Non-Life Insurer, Selects Sapiens to Automate and Streamline its Reinsurance Processes

Sapiens International Corporation today announced the integration of Sapiens ReinsuranceMaster for Old Mutual Insure, which services personal, commercial and corporate customers across South Africa and in Namibia, Botswana, Zimbabwe, and Nigeria under the Old Mutual brand.
August 19, 2021

UAP Old Mutual launches medical insurance for elderly

UAP Old Mutual Group has launched an enhanced medical insurance targeting those aged between 65 and 80
August 18, 2021

Trading statement for the six months ended 30 June 2021

Shareholders are advised that Old Mutual is currently in the process of finalising its interim results for the six months ended 30 June 2021 ("current period"). Following on the Old Mutual Voluntary Operating Update on 23 June 2021, this trading statement provides an indication of a range for headli…
August 17, 2021

Old Mutual expands investments in innovation

Old Mutual Limited has announced that it is expanding its investments in innovation through a new collaboration with venture capital firm Anthemis Group. Anthemis will deploy capital on behalf of Old Mutual through its Anthemis Insurance Venture Growth Fund (AIVGF), focused on series B and C compani…
August 16, 2021

Amended Information Statement

Noteholders are advised that Old Mutual, OMLACSA and Old Mutual Insure (the “Issuers”) have amended and restated the information statement in respect of the ZAR25,000,000,000 Multi-Issuer Note Programme (the “Information Statement”) to update the Information Statement in compliance with the JSE Limi…
July 26, 2021

Acquisition of Securities by the Blackrock Inc

In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 (“the Act”) and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that Old Mutual has received formal notification that BlackRock Inc. has acquired an interest in the ordinary shares of the Compa…
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 Old Mutual Frequently Asked Questions

  • When was Old Mutual founded?

    Old Mutual was founded in 1845.

  • Who are Old Mutual key executives?

    Old Mutual's key executives are Trevor Manuel, Iain Williamson and Raymond Berelowitz.

  • How many employees does Old Mutual have?

    Old Mutual has 29,830 employees.

  • What is Old Mutual revenue?

    Latest Old Mutual annual revenue is R146.5 b.

  • What is Old Mutual revenue per employee?

    Latest Old Mutual revenue per employee is R4.9 m.

  • Who are Old Mutual competitors?

    Competitors of Old Mutual include Aon South Africa, FirstRand and Sanlam.

  • Where is Old Mutual headquarters?

    Old Mutual headquarters is located at 107 Rivonia Rd, Johannesburg.

  • Where are Old Mutual offices?

    Old Mutual has offices in Johannesburg, Cape Town and Harare.

  • How many offices does Old Mutual have?

    Old Mutual has 3 offices.