Old Mutual plc (OML)

Summary

Address:

5/F
Millennium Bridge House
2 Lambeth Hill
London EC4V 4GG
UK
Tel: (020) 7002 7000

Web: http://www.oldmutual.com

Key facts:

  • Established: 1998
  • Company status: Public Company
  • Ticker symbol: OML
  • ISIN: GB0007389926
  • Company registration no.: 3591559
  • Employees: 54,368
  • Personnel
  • Financials

Location (postcode):

Activities:

Holding company of the Old Mutual Group of companies, whose principal activities are life assurance (including retirement savings), asset management (including unit trusts and portfolio management and services), general insurance and banking.

Mergers and acquisitions:

In February 2010, the Group completed the acquisition of the remaining non-controlling shareholdings in Mutual & Federal Insurance Company Limited. In January 2013, the Group acquired of a majority stake in Uruguay based AIVA Business Platforms. In February 2013, the Group acquired of a majority stake in Oceanic Life.

Principal shareholders:

Cevian Capital (7.35%); Public Investment Corporation of the Republic of South Africa (5.49%); Sanlam Investment Management (Pty) Limited (5.22%)

Joint ventures:

Old Mutual Finance (Pty) Ltd (50%) (South Africa); Curo Fund Services (50%) (South Africa); African Infrastructure Investment Managers (Pty) Ltd (50%) (South Africa); Old Mutual–Guodian Life Insurance Company Ltd (50%) (China)

Associated companies:

Billion Property Developments (Pty) Ltd (20%) (South Africa); Odyssey Developments (Pty) Ltd (49%) (South Africa); Kotak Mahindra Old Mutual Life Insurance Ltd (26%) ( India)

Divestments:

During 2007 the Europe banking subsidiary sold its Danish operation. In March 2009 the Group disposed of its interest in Old Mutual Australia. in March 2012 the Group completed the sale of its Nordic business to Skandia Liv.

Subsidiaries:

  • Acadian Asset Management LLC
  • Barrow, Hanley, Mewhinney & Strauss LLC
  • Central Africa Building Society
  • Mutual & Federal Insurance Company Limited
  • Nedbank Group Ltd
  • Nedbank Ltd
  • OM Group (UK) Ltd
  • Old Mutual (Bermuda) Ltd
  • Old Mutual (Netherlands) BV
  • Old Mutual (South Africa) Ltd
  • Old Mutual (US) Holdings Inc
  • Old Mutual Africa Holdings (Pty) Ltd
  • Old Mutual Asset Managers (Kenya) Ltd
  • Old Mutual Fund Managers Ltd
  • Old Mutual Investment Group (South Africa) (Pty) Ltd
  • Old Mutual Life Assurance Company (Malawi) Limited
  • Old Mutual Life Assurance Company (Namibia) Limited
  • Old Mutual Life Assurance Company (South Africa) Limited
  • Old Mutual Life Assurance Company (Zimbabwe) (Private) Ltd
  • Old Mutual Wealth Management Limited
  • Rogge Global Partners plc
  • Royal Skandia
  • Royal Skandia Life Assurance Limited
  • Royal Skandia Trust Company Ltd
  • Skandia Europe and Latin America (Holdings) Ltd
  • Skandia Holding de Colombia S.A.
  • Skandia Leben AG
  • Skandia Lebensversicherung AG
  • Skandia Lebensversicherungs AG
  • Skandia Life Assurance Company Ltd
  • Skandia Life Assurance Holdings Ltd
  • Skandia Multifunds Ltd
  • Skandia UK Ltd
  • Skandia Vita SpA
  • Skandia Zycie Towarzystwo Ubezpieczen S.A.

Personnel

Board of Directors
NamePosition
Patrick O'Sullivan (M)Chairman
Lars Otterbeck (M)Non-Executive Director
Bongani Nqwababa (M)Non-Executive Director
Philip Broadley (M)Group Finance Director
Mike Arnold (M)Non-Executive Director
Julian V F Roberts (M)Group Chief Executive Officer
Russell Edey (M)Non-Executive Director
Reuel Khoza (M)Non-Executive Director
Roger Marshall (M)Non-Executive Director
Alan Gillespie (M)Non-Executive Director
Nku Nyembezi-Heita (F)Non-Executive Director
Danuta Gray (F)Non-Executive Director
Management
NamePosition
Ian Gladman (M)Group Strategy Director
Sue Kean (F)Group Risk Officer
Peter Bain (M)President and Chief Executive Officer, US Asset Management
William Baldwin-Charles (M)Head of Corporate Affairs
Paul Hanratty (M)Chief Executive Officer, Long-Term Savings and Chairman, Old Mutual South Africa
Mike Brown (M)Chief Executive, Nedbank Group
Don Schneider (M)Human Resources Director
Patrick Bowes (M)Director of External Communications
Senior Executives
NamePosition
Martin C Murray (M)Company Secretary

Financials

Premium income
Year£mUS $m
20025,0607,853
20034,5777,104
20044,1146,385
Revenue
Year£mUS $m
200514,36922,301
200619,91830,913
200716,86426,173
20084773
200921,84833,908
201021,57433,483
20119,78415,185
201219,79330,719
General financials
YearProfit (loss) before tax
£m
Profit (loss) after tax
£m
Dividend per shareEarnings (loss) per shareShare capital
£m
S/holders' equity (deficit)
£m
20024672434.8p5.9p3782,524
20034432024.8p8.0p3842,863
20041,0366923.5p16.3p3,2654,696
20051,6061,1225.35p24.3p4,7516,419
20061,7141,0934.15p16.1p7,2378,763
20071,6681,2566.85p18.1p 7,961
20085956832.45p8.1p 7,737
2009247-1181.50p(7.8p)8,46410,711
20101,145-244.0p(6.1p)8,95111,474
20119949675.0p11.7p8,48810,858
20121,3951,4877.0p23.1p7,8339,798