Old Mutual forecasts annual profit to rise by as much as 27%
Insurer says earnings boosted by strong sales, fewer Covid-19 fatalities and improved hedging
24 February 2023 - 09:30
Insurer Old Mutual says profit annual could increase by more than one-quarter, thanks to strong sales and fewer Covid-19 deaths.
Adjusted headline earnings for the 12 months to end-December are forecast to rise by 7%-27% to R5.79bn-R6.87bn, the company, valued at R58.38bn on the JSE, said in a trading statement on Friday...
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