- Business
- Old Mutual Limited (OMU.JO) is a leading pan-African financial services group offering investment, savings, insurance, banking, and lending solutions to retail, corporate, and institutional customers. Founded in 1845 and headquartered in Cape Town, South Africa, the company operates primarily through segments including Mass and Foundation Cluster, Personal Finance and Wealth Management, Old Mutual Investments, Old Mutual Corporate, Old Mutual Insure, and Rest of Africa, with activities spanning South Africa, Namibia, Botswana, Zimbabwe, Kenya, Malawi, Tanzania, Ghana, Uganda, Rwanda, South Sudan, eSwatini, and select markets in Latin America and Asia. Its core products and services encompass life assurance and risk products such as group risk and funeral covers; long-term savings and investment solutions including annuities, asset management, and multi-manager funds via Old Mutual Investment Group; short-term insurance through Old Mutual Insure; lending products like personal loans, debt consolidation, and micro-lending via Old Mutual Finance; transactional banking services; and financial advice, retirement benefits, and consulting for employee-sponsored plans. The company targets low-income to affluent individuals, small and medium-sized enterprises, and large corporates across emerging markets, leveraging its heritage to support financial security and wealth creation. In recent developments, Old Mutual agreed in October 2025 to acquire a majority stake in 10X Investments for R2.2 billion (USD 120 million) from Old Mutual Private Equity and DiGAME Investments, enhancing its passive investment capabilities and access to low-cost solutions, with completion expected by Q2 2026; Old Mutual Private Equity also acquired a majority stake in Honoris United Universities in September 2025 following Actis's exit, and partnered with Sphere Holdings to acquire Much Asphalt, while exiting Medhold to Sanlam Private Equity. These transactions underscore strategic expansions in asset management, education, infrastructure, and alternative investments within the last year.