- CEO
- Johann Jurie Strydom
- Full Time Employees
- 28,126
- Sector
- Financial Services
- Industry
- Insurance - Life
- Address
- Mutualpark Cape Town South Africa 7405
- IPO Date
- Mar 5, 2020
- Business
- Old Mutual Limited is a financial services group primarily operating in South Africa and across Africa, providing a comprehensive range of financial products and services. Its core offerings include life insurance, savings and investment products, asset management, short-term insurance under Old Mutual Insure, and banking services through its newly launched OM Bank. The company targets retail and corporate customers with solutions such as retirement savings plans, wealth management, accident and health insurance, commercial vehicle insurance, and property and casualty insurance, with operations spanning key markets in 17 African countries as well as niche businesses in Latin America and Asia. Founded in 1845 and headquartered in Johannesburg, South Africa, Old Mutual leverages its over 170 years of heritage in sub-Saharan Africa.
Recent strategic developments include the launch and national rollout of OM Bank in South Africa, expanding its integrated financial services footprint and digital capabilities. The group has increased its active digital user base by 22% and decommissioned 21 legacy systems as part of a technology modernization drive. Additionally, Old Mutual has pursued diversification through acquisitions such as Genric and ONE Financial Services, which expanded its short-term insurance offerings in accident and health as well as commercial vehicle insurance markets. The company has also executed strategic portfolio exits in general insurance in Nigeria and Tanzania to focus on markets with stronger growth potential. These moves align with Old Mutual's 2025 strategy emphasizing diversification, digital transformation, and profitable growth enhancing shareholder returns.
Old Mutual Limited operates in multiple business segments including life insurance and savings; asset management under Old Mutual Investments; property and casualty insurance primarily through Old Mutual Insure; and banking and lending services via OM Bank. Its asset management operations manage approximately ZAR 1.4 trillion in assets, serving both individual and institutional clients. The group’s overhaul towards becoming a fully integrated financial services provider includes sustainable investment practices, climate action programs, and digital innovation in customer engagement. Its governance recently saw leadership transitions with appointments focused on execution and digital growth. Old Mutual continues to target growth in strategic markets such as East Africa, Ghana, and China, while maintaining a strong capital position and operational efficiencies.
Overall, Old Mutual Limited is a diversified financial services group with a broad product suite spanning insurance, asset management, and banking, emphasizing digital innovation and strategic expansion in African markets. The group’s recent developments show a focused effort on operational efficiency, market expansion, and leveraging technology to enhance customer experience and shareholder value. It remains headquartered in Johannesburg, South Africa, with a legacy dating back to 1845 and sustained relevance in Africa’s financial services landscape.
References: Old Mutual Limited company profile and recent corporate developments reported in 2024 and 2025.