Old Mutual

Old Mutual Limited operates across the financial sectors of the African continent. It is traded on the Johannesburg Stock Exchange as well as those of Zimbabwe, Namibia, and Botswana. In 1845, John Fairbairn established it in South Africa; by 1999, it had been demutualized and listed on the London Stock Exchange and other stock markets.

In 2018, it adopted a new strategy known as "managed separation," which involved the spin-off of four of its businesses: Old Mutual Emerging Markets, Nedbank, Old Mutual Wealth (located in the United Kingdom), and Old Mutual Asset Management (based in Boston). Because of this, Quilter plc (previously Old Mutual Wealth) split off from its parent company and unbundled its shares in Nedbank. The company, which has primarily relocated to South Africa, contributes to bursaries and other forms of financial aid at schools there.

As of April 2023, Old Mutual was worth $3.30 billion on the stock market. With this market capitalization, Old Mutual ranks as the 3032nd most valuable corporation in the world. The most recent financial reports reveal TTM revenue of $37.43 billion for Old Mutual. The company's revenue of $15.49 billion in 2021 was up from the $9.90 billion it made in 2020.

Founded: 17 May 1845
Headquarters: Johannesburg, South Africa
Website: www.oldmutual.com