About Old Mutual

Our Group was established in Cape Town in 1845 as South Africa’s first mutual life insurance company, offering financial security in uncertain times.

Our purpose is to help our customers thrive by enabling them to achieve their lifetime financial goals, while investing their funds in ways that will create a positive future for them, their families, their communities and broader society.

In this way, we significantly contribute to improving the lives of our customers and their communities while ensuring a sustainable future for our business.

We now employ more than 30 000 people and operate in 14 countries across two regions:

• Africa (South Africa, Namibia, Botswana, Zimbabwe, Kenya, Malawi, Tanzania, Nigeria, Ghana, Uganda, Rwanda, South Sudan and Eswatini)
• Asia (China)

Savings and protection
Innovative life assurance based product solutions, addressing both protection and savings needs, as well as short term insurance solutions through Old Mutual Insure.

Investment
Growing our customers’ savings and wealth, whether through active and direct asset management through the Old Mutual Investment Group or the selection of funds for customers to invest in through multi-managers.

Lending
Old Mutual offers personal loans and debt consolidation loans tailored to the individual needs of its customers. All loan products are provided through Old Mutual Finance, a licensed financial services and registered credit provider.

Banking
The Money Account is both a low-cost transactional account and a one of a kind unit trust savings account. This innovative banking product is offered by Old Mutual Transaction Services (Pty) Ltd in association with Bidvest Bank Ltd and Old Mutual Investment Administrators, a licensed financial services provider.

Our Strategy

Responding to our customers’ needs, we are building a long-term savings, protection, investment and lending "group" by leveraging the strength of our people and capabilities in South Africa and around the world. We will focus, drive and optimise our businesses to enhance value for customers, shareholders and the communities we serve.

Our strategic priorities:

• Defend SA market share in Mass and Corporate markets
• Defend and grow in the SA Personal Finance market
• Improve the competitiveness of Wealth and Investments
• Continued turnaround of Old Mutual Insure
• Turnaround East African business and improve returns across Rest of Africa
• Win the war for talent
• Refresh the technology offering
• Cost efficiency leadership.