OMLAC(SA) - Annual Financial Statements

RNS Number : 0128J

Old Mutual PLC

23 June 2017

 

Old Mutual plc

Ref 126/17

23 June 2017

old mutual life assurance company (south africa) Ltd - annual financial statements

In accordance with clause 7.2 of the JSE Limited Listing Requirements, Old Mutual plc's subsidiary, Old Mutual Life Assurance Company (South Africa) Ltd (OMLAC(SA)) (Registration number 1999/004643/06), hereby notifies its debt investors that it has now publicly released its Audited Annual Financial Statements (AFS) for the year ended 31 December 2016.

The AFS are available on the Company's website at www.oldmutualplc.com/reports and for inspection at Mutualpark, Jan Smuts Drive, Pinelands, Cape Town.  

Enquiries

External communications

Patrick Bowes                                                               UK        [phone]

Investor relations

Dominic Lagan                                                               UK        [phone]

Deward Serfontein (Fluent Investor Relations)                   SA        [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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