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Share Name Share Symbol Market Type Share ISIN Share Description
Old Mutual Limited LSE:OMU London Ordinary Share ZAE000255360 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.46p +1.25% 117.90p 118.00p 118.28p 118.48p 113.96p 113.96p 3,761,139 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Old Mutual Continues to Attract New Business; 1Q Life APE Sales +4%

24/05/2019 1:47pm

Dow Jones News


Old Mutual (LSE:OMU)
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2 Months : From Apr 2019 to Jun 2019

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   By Ian Walker 
 

Old Mutual Ltd. (OMU.LN) said Friday that despite the challenging economic environment the business continues to attract new business from customers, with Life APE sales up 4% in the first quarter.

The financial-services company said Life annual premium equivalent sales in the quarter ended March 31 were 2.95 South African Rand ($0.2 billion).

However, it said gross flows were 10% behind the first quarter of 2018 at ZAR39.3 billion due to lower flows in Wealth and Investments and lower single premium sales in Old Mutual Corporate.

Funds under management at March 31 stood at ZAR1,084 billion in line with equity market returns in South Africa, Old Mutual said.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

May 24, 2019 08:32 ET (12:32 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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