Company: Old Mutual
Country: South Africa
Sector: Life/Health Insurance
CEO: Iain Williamson
Website: https://www.oldmutual.com
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Sandton, Johannesburg, South Africa (formerly Cape Town, moved 2018)
Founded: 1845
Valuation/Revenue: $4.45bn revenue and $3.05bn market value (African Business Top 250, 2025 ranking); more recent data shows R117.97bn revenue for FY2025 (up 12.72%) and a market cap of R55.80bn as of July 2026 (stockanalysis.com)
Old Mutual Limited is a South African investment, savings, insurance, and banking group operating across 12 African countries, with a nearly 180-year history dating to its 1845 founding as a mutual life assurer in Cape Town. The company demerged from its former UK-listed parent, Old Mutual plc, in 2018, re-establishing itself as an independently listed, Africa-focused financial services group.
What Does Old Mutual Do?
Old Mutual provides life and health insurance, asset management, retirement savings products, and banking services across its African footprint. In 2025 the group launched OM Bank, a new digital banking subsidiary extending its offering beyond traditional insurance and investments into everyday banking. It also holds a majority stake in 10X Investments, a low-cost investment platform, reflecting a broader strategy of diversifying revenue streams within financial services beyond core life insurance underwriting.
Is Old Mutual Legit?
Yes. Old Mutual is one of the oldest and most established financial institutions in Africa, with nearly two centuries of operating history, multiple stock exchange listings, and regulatory oversight as a major insurer and financial services provider across its African markets.
How Big Is Old Mutual?
Old Mutual ranked 37th on African Business magazine’s Top 250 Companies in Africa for 2025, with revenue of approximately $4.45bn and a market value of $3.05bn. More recent financial data shows the company’s revenue for the year ended December 2025 reached R117.97bn, a 12.72% increase year-on-year, with a market capitalisation of R55.80bn as of July 2026, according to independent stock-data tracking.
Who Is the CEO of Old Mutual?
Iain Williamson serves as Chief Executive Officer of Old Mutual Limited, leading the group through its post-demerger growth strategy, including the 2025 launch of OM Bank and continued expansion of its asset management and investment platform businesses.
Who Owns Old Mutual?
Old Mutual Limited is a publicly traded company with a broad institutional and retail shareholder base. It underwent a major corporate restructuring in 2018, known as its “managed separation,” in which the historic Old Mutual plc split into Old Mutual Limited (African operations, relisted regionally) and Quilter plc (UK wealth management, remaining London-listed), while also unbundling its stake in South African bank Nedbank to shareholders, distributing approximately R43.2bn in the process.
Is Old Mutual Publicly Traded?
Yes. Following its 2018 demerger, Old Mutual Limited relisted on the Johannesburg Stock Exchange, and also maintains listings on the Zimbabwe Stock Exchange, Namibian Stock Exchange, Botswana Stock Exchange, and London Stock Exchange, reflecting its historically pan-regional shareholder base.
How Does Old Mutual Compare to Its Competitors?
Old Mutual’s principal competitors in South African life insurance and asset management include Sanlam, Discovery, MMI Holdings (Momentum Metropolitan), and Liberty Holdings (now part of Standard Bank Group). In banking, its new OM Bank digital offering enters a market dominated by the traditional “big five” South African banks — Standard Bank, FirstRand, Absa, Nedbank, and Capitec — as well as newer digital entrants like TymeBank and Discovery Bank.
What Has Old Mutual Been in the News For Recently?
Old Mutual’s most notable recent development is the 2025 launch of OM Bank, marking its formal entry into retail digital banking and a significant strategic diversification beyond its traditional insurance and investment core. The company has also reported solid revenue growth into FY2025, and continues to build out its 10X Investments low-cost investing platform as part of a broader push to capture a larger share of South African and regional household financial services spending.
What Are Old Mutual’s Main Business Segments?
Old Mutual organises its business around several client-facing segments: Mass and Foundation Cluster (entry-level insurance and savings products for lower-income South Africans), Personal Finance (life insurance and retail investment products for middle- and upper-income clients), Wealth and Investments (asset management and advisory services), Old Mutual Insure (short-term/general insurance), and Old Mutual Africa Regions (operations across its other 11 African markets outside South Africa). This segment diversity, built over nearly 180 years, has historically made Old Mutual one of the most systemically important financial institutions on the African continent, with millions of policyholders relying on its life and health products.
Links
Website: https://www.oldmutual.com
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
What does Old Mutual do?
Old Mutual provides life and health insurance, asset management, retirement savings, and (since 2025) digital banking services across 12 African countries.
Who owns Old Mutual?
Old Mutual Limited is publicly traded with a broad shareholder base, following its 2018 demerger from the former Old Mutual plc into separate African (Old Mutual Limited) and UK (Quilter plc) entities.
Who is the CEO of Old Mutual?
Iain Williamson is Old Mutual’s Chief Executive Officer.
Is Old Mutual a South African company?
Yes, founded in Cape Town in 1845, now headquartered in Sandton, Johannesburg, with operations across 12 African countries.
How much revenue does Old Mutual make?
Approximately $4.45bn per African Business magazine’s 2025 Top 250 ranking; more recent data shows R117.97bn revenue for FY2025.
Does Old Mutual have a bank?
Yes, Old Mutual launched OM Bank, a digital banking subsidiary, in 2025.