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About the company: Old Mutual Plc [JSE:OML]

by , 05 June 2015

Founded back in 1845, Old Mutual began life in Cape Town as a mutual insurance company. Now an international company with interests in insurance and investments, Old Mutual is one of the Johannesburg Stock Exchange's top 40 companies…

Full name: Old Mutual Plc
Short name: OldMutual
Ticker: OML
Sector: Insurance – life insurance

Five top facts about Old Mutual

Fact #1:
Old Mutual employs over 61,500 people providing services to over 17.5 million customers. From its origins in South Africa, Old Mutual now operates across Africa, Europe, North America, South America and Asia.

Fact #2:
Old Mutual has a secondary listing on the Johannesburg Stock Exchange under ticker OML. The company’s primary listing is on the London Stock Exchange, also under the ticker of OML. It is one of the London Stock Exchange’s top 100 companies. Old Mutual also has other secondary listings on the stock exchanges of Malawi, Zimbabwe and Namibia.

Fact #3:
Old Mutual’s has four main divisions to its business:

  • Protection, savings and investments;
  • US asset management, through OMAM;
  • Banking, through Nedbank; and
  • Short-term insurance, through Mutual & Federal.

Fact #4:
Old Mutual is the majority shareholder in Nedbank Group Ltd [JSE:NED], owning a 52% stake. Nedbank is one of the four largest banks operating in South Africa.

Fact #5:
As of the end of 2014, Old Mutual had a staggering £319.4 billion in funds under management. That’s about R6 trillion.

Chart of Old Mutual’s share price

Chart of Old Mutual's share price

Financial information

For more financial information about Old Mutual, click here.

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About the company: Old Mutual Plc [JSE:OML]
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