Old Mutual, one of the most recognised brand names in South Africa, was the country’s first mutual life insurance company, offering financial security in uncertain times. Today, the Group offers investment products, life and disability cover, funeral plans, short term insurance, financial advice and loans. They also offer business-to-business solutions such as asset management and employee benefits.
In 2016 the company’s London parent announced a new strategy for Old Mutual that seeks to unlock and create significant long-term value for shareholders. This will be achieved through the separation of the four underlying businesses – Old Mutual Emerging Markets (OMEM), Nedbank, Old Mutual Asset Management (in the US) and Old Mutual Wealth (in the UK).
As part of the managed separation strategy, it is envisioned that the OMEM business will become a separately listed, independent business by the end of 2018.
Old Mutual’s purpose is to help customers thrive by enabling them to achieve their lifetime financial goals, while investing their funds in ways which will create positive future for them, their families their communities and the world at large.
Old Mutual’s approach to being a responsible business is summarised in its Positive Futures Plan that explains its responsibility to customers, communities and employees; and its commitment to – responsible investment and environmental management.
With a specific focus on financial wellbeing and responsible investment, Old Mutual believes it can contribute to positive futures for its customers and others by addressing issues relevant to the sustainability of its business and the markets in which it operate.
To read more, please visit www.oldmutual.co.za
