Old Mutual Limited (2KS)

Profile

https://www.oldmutual.com

Old Mutual Limited is a prominent South African financial services group offering investment, savings, insurance, and banking solutions primarily across Africa. Founded in 1845 as The Mutual Life Assurance Society of the Cape of Good Hope in Cape Town by John Fairbairn and others, it pioneered mutual life insurance in South Africa, starting without initial capital and relying on policyholder premiums. Over nearly two centuries, it has evolved from a mutual society into a diversified provider, expanding into life assurance, property and casualty insurance, asset management, unit trusts, and banking through strategic acquisitions like Nedbank stakes and Mutual & Federal. Following its 1999 demutualization and 2018 managed separation, Old Mutual Limited now operates in 12 African countries, including subsidiaries in South Africa, Botswana, Ghana, Malawi, Namibia, Nigeria, and Zimbabwe, with niche presence in China. Key features include its digital bank OM Bank launched in 2025 and recent majority stake in 10X Investments. Headquartered in Sandton, Gauteng, it plays a vital role in enhancing financial security and community well-being across emerging markets, managing trillions in funds under management.