OM Bank grows rapidly as investment phase continues
Customer numbers are expected to pass one million this month, while Old Mutual targets a monthly break-even by 2028 as it builds scale.
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Old Mutual sees strong Q1 as life sales rise and OM Bank customers jump
New life sales rose 28% in the quarter to March, while stronger investment inflows and a better new business margin supported a broadly positive update.
Old Mutual earnings rise as insurance, investments and Africa drive results
Results from operations rose 13% to R9.8bn as insurance profitability improved and investments crossed R1 trillion in assets under management.
Old Mutual banks on late-mover edge as OM Bank goes live
CEO Clarence Nethengwe says arriving after rivals has given Old Mutual the chance to learn what customers really want in digital banking.
Old Mutual’s operating profit up 4%, led by Insure and Investments
Exceptional underwriting in Old Mutual Insure and a 37% jump in Investments drive overall strength, but Corporate’s life insurance sales slumped 42%.
Old Mutual chief executive to take early retirement
Following 32 years with Old Mutual and nearly five as CEO, Iain Williamson is stepping down in August.
Nethengwe to lead OM Bank as launch draws near
With regulatory approval secured, Old Mutual Bank is set to debut later this year, offering a digital-first banking experience tailored for South Africa’s mass market.
Old Mutual gets green light from Prudential Authority for new bank
The group is shifting from ‘bank-build mode’ to a testing phase with select banking partners.
