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Old Mutual (SA) – a quick reference |
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Old Mutual (SA) is the largest financial services company in South Africa. Part of a global group that now includes Skandia, the Swedish-based assurer, the local business focuses on life assurance and asset management. Through South African subsidiary companies, Nedbank and Mutual & Federal, it also has interests in banking and general insurance respectively. Old Mutual (SA) employed 13 421 permanent staff
members at end-December 2005, and delivered the following financial performance: |
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| Bancassurance sales growth | +92% |
| Unit trust sales growth | +87% |
| Asset management adjusted profit | +48% |
| Life assurance profits | +13% |
| Statutory Capital Adequacy Requirement | 3x |
