Old Mutual expects higher annual headline earnings

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The insurer benefited from higher sales and fewer Covid-19 deaths

Insurer Old Mutual expects its adjusted headline earnings could increase more than one-quarter in its latest annual results due in March, because of strong sales and fewer Covid-19 deaths.

The company, valued at R58.38bn on the JSE, said in a trading statement about its 2022 financial year to end-December that adjusted headline earnings could advance 7%-27% to R5.79bn-R6.87bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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