Group Solvency and Financial Condition Report

RNS Number : 5785J

Old Mutual PLC

29 June 2017

 

Old Mutual plc

Ref 129/17

29 June 2017

Old Mutual plc group solvency and financial condition report

Old Mutual plc today publishes its 31 December 2016 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 and Old Mutual International published their SFCR reports on 22 May 2017. The reports are available on their respective 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                                                                    [phone]

Deward Serfontein (Fluent Investor Relations)             [phone]

Media

William Baldwin-Charles                                               [phone]

                                                                                             [phone]

Notes to Editors

Old Mutual

Old Mutual provides investment, savings, insurance and banking services to 19.4 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

Old Mutual is executing its strategy of managed separation, which will entail separating its four businesses into standalone entities. The four businesses are:

Old Mutual Emerging Markets: an attractive business with a dominant position in South Africa, well-placed to capitalise on sub-Saharan African growth as a diversified financial services provider with strong operations in key East and West African markets.

Nedbank: one of South Africa's four largest banks with very strong corporate, commercial and property finance franchises, and a growth opportunity in the retail market, as well as pan-African optionality through its stake in Ecobank Transnational Inc (ETI).

Old Mutual Wealth: a leading, integrated wealth management business, focused on the UK upper and middle market, with strong prospects in a rapidly growing £3 trillion market.

OM Asset Management: an institutionally focussed, multi-boutique asset management business, delivering strong, diversified growth in attractive asset classes through organic initiatives and acquisitions.

For the year ended 31 December 2016, Old Mutual reported an adjusted operating profit before tax of £1.7 billion and had £395 billion of funds under management. For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at www.oldmutualplc.com 

 

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