Group Solvency and Financial Condition Report

RNS Number : 0108R

Old Mutual PLC

11 June 2018

 

Old Mutual plc

Ref 216/18

11 June 2018

Old Mutual plc group solvency and financial condition report

Old Mutual plc today publishes its 31 December 2017 Group Solvency and Financial Condition Report (SFCR) on the corporate website - http://www.oldmutualplc.com/ir/reports.jsp. The report has been prepared in accordance with the financial reporting provisions of the PRA Rules and Solvency II Regulations.

Old Mutual Wealth Life & Pensions Limited, Old Mutual Wealth Life Assurance Limited, and Old Mutual International Ireland dac published their SFCR reports in May 2018. The reports are available on the following websites: https://www.oldmutualwealth.co.uk/financial-stability and https://www.oldmutualinternational.com/eur-financial-stability.

Enquiries

External communications
Patrick Bowes	[phone]
Investor relations
Dominic Lagan (Old Mutual plc)	[phone]
John-Paul Crutchley (Quilter)	[phone]
Media
William Baldwin-Charles	[phone] [phone]

Notes to Editors

About Old Mutual plc

Old Mutual plc is a holding company for several financial services companies. In March 2016, it announced a new strategy of managed separation entailing the separation of its underlying businesses into independently-listed, standalone entities.

BrightSphere Investment Group, a US based institutional asset manager, which rebranded from OM Asset Management in March 2018, is now independent from Old Mutual. The remaining underlying businesses are:

OML (which includes Old Mutual Emerging Markets): OML has an ambition to become a premium financial services group in sub-Saharan Africa and offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 17 countries.

Nedbank: Nedbank ranks as a top-5 bank by capital on the African continent and Ecobank, in which Nedbank maintains a 21.2% shareholding, ranks within the top-10 banks by assets on the African continent.

Quilter: Quilter (formerly Old Mutual Wealth) is a leader in the UK and in selected offshore markets in wealth management, providing advice-led investment solutions and investment platforms to over 900,000 customers, principally in the affluent market segment. 

For the year ended 31 December 2017, Old Mutual reported an adjusted operating profit before tax of £2.0 billion. For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at www.oldmutualplc.com.

 

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