Old Mutual reported a 2% decline in Life Annual Premium Equivalent (APE) sales to R3.1 bn for the quarter ended 31 March 2025, driven by lower guaranteed annuities sales and non-repeated corporate savings sales, though offset by strong risk sales in Mass and Foundation Cluster and Old Mutual Africa Regions. Gross flows rose 6% to R53.2 bn, fueled by Wealth Management and international US dollar fund inflows, but net client cash flow saw a significant outflow of R4.8bn due to terminations and low-margin indexation outflows. Gross written premiums increased by 7%. Loans and advances remained stable.
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