Old Mutual Adds 3 000 Customers a Day and Lifts Dividend 8%
Old Mutual has reported a steady operating performance for the year ending December 2025, delivering solid growth in revenue and profits, supported by favourable financial market conditions. The group has rewarded shareholders with an 8% increase in its full-year dividend. It is also making significant progress on its strategic priorities, including the successful launch of Old Mutual Bank and a R3 billion share buyback programme. The overall results reflect a resilient business focused on execution and long-term value creation.
Key Financial Metrics:
● Insurance Revenue: R16.9 billion, an increase of 46% from R11.6 billion.
● Operating Profit: R9.9 billion, an increase of 13% from R8.8 billion.
● Headline Earnings Per Share (HEPS): R2.26, an increase of 24% from R1.83.
● Profit Attributable to Equity Holders: R8.4 billion, an increase of 9% from R7.7 billion.
● Full Year Dividend Per Share: R0.93, an 8% increase from R0.86.
Analysis & Outlook
Old Mutual's 2025 performance demonstrates the strength of its diversified portfolio, with CEO Jurie Strydom classifying the results as a "steady operating performance." A key strategic milestone was the launch of Old Mutual Bank in September 2025, which is already showing customer traction, signing up 3 000 new clients daily. While the bank's carrying value was subject to a technical impairment, management remains confident in its long-term value proposition and its integration with the group's existing distribution network.
Looking ahead, the group is focused on the execution of its strategic reset, which includes achieving key medium-term value creation targets. The outlook for South Africa is viewed as more constructive, supported by the government's commitment to fiscal discipline, which should provide a more stable environment for investment and growth. With a R3 billion share buyback programme well underway and a clear focus on enhancing business mix and cost savings, Old Mutual is positioning itself to restore its value of new business margin and deliver sustained value to shareholders.
Disclaimer:
*Any opinions, views, analysis, or other information provided in this article is provided by BROKSTOCK SA trading as BROKSTOCK as general market commentary and should not be viewed as advice according to the FAIS Act of 2002. BROKSTOCK SA does not warrant the correctness, accuracy, timeliness, reliability, or completeness of any information provided by third parties. You must rely upon your judgement in all aspects of your investment decisions, and all decisions are made at your own risk. BROKSTOCK SA and any of its employees shall not be responsible for and will not accept any liability for any direct or indirect loss, including, without limitation, any loss of profit which may arise directly or indirectly from the use of the market commentary. The content contained within the article is subject to change at any time without notice. BROKSTOCK SA is an authorised financial services provider - FSP No. 51404. T&Cs and Disclaimers are applicable: https://brokstock.co.za/
** This article was prepared by BROKSTOCK analyst Maboko Seabi
Read also
© 2025 BROKSTOCK SA (PTY) LTD.
BROKSTOCK SA (PTY) LTD is an authorised Financial Service Provider and is regulated by the South African Financial Sector Conduct Authority (FSP No.51404). BROKSTOCK SA (PTY) LTD Proprietary Limited trading as BROKSTOCK. BROKSTOCK SA (PTY) LTD t/a BROKSTOCK acts solely as an intermediary in terms of the FAIS Act, rendering only an intermediary service (i.e., no market making is conducted by BROKSTOCK SA (PTY) LTD t/a BROKSTOCK) in relation to derivative products (CFDs) offered by the liquidity providers. Therefore, BROKSTOCK SA (PTY) LTD t/a BROKSTOCK does not act as the principal or the counterparty to any of its transactions.
The materials on this website (the “Site”) are intended for informational purposes only. Use of and access to the Site and the information, materials, services, and other content available on or through the Site (“Content”) are subject to the laws of South Africa.
Risk notice Margin trading in financial instruments carries a high level of risk, and may not be suitable for all users. It is essential to understand that investing in financial instruments requires extensive knowledge and significant experience in the investment field, as well as an understanding of the nature and complexity of financial instruments, and the ability to determine the volume of investment and assess the associated risks. BROKSTOCK SA (PTY) LTD pays attention to the fact that quotes, charts and conversion rates, prices, analytic indicators and other data presented on this website may not correspond to quotes on trading platforms and are not necessarily real-time nor accurate. The delay of the data in relation to real-time is equal to 15 minutes but is not limited. This indicates that prices may differ from actual prices in the relevant market, and are not suitable for trading purposes. Before deciding to trade the products offered by BROKSTOCK SA (PTY) LTD, a user should carefully consider his objectives, financial position, needs and level of experience. The Content is for informational purposes only and it should not construe any such information or other material as legal, tax, investment, financial, or other advice. BROKSTOCK SA (PTY) LTD will not accept any liability for loss or damage as a result of reliance on the information contained within this Site including data, quotes, conversion rates, etc.
Third party content BROKSTOCK SA (PTY) LTD may provide materials produced by third parties or links to other websites. Such materials and websites are provided by third parties and are not under BROKSTOCK SA (PTY) LTD's direct control. In exchange for using the Site, the user agrees not to hold BROKSTOCK SA (PTY) LTD, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision user makes based on information or other Content made available to the user through the Site.
Limitation of liability The user’s exclusive remedy for dissatisfaction with the Site and Content is to discontinue using the Site and Content. BROKSTOCK SA (PTY) LTD is not liable for any direct, indirect, incidental, consequential, special or punitive damages. Working with BROKSTOCK SA (PTY) LTD you are trading share CFDs. When trading CFDs on shares you do not own the underlying asset. Share CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail traders accounts lose money when trading CFDs with their provider. All rights reserved. Any use of Site materials without permission is prohibited.