Old Mutual earnings jump 21%
But insurer suffered a R500m hit from clients who failed to keep up with their premium payments
31 March 2024 - 00:00
Despite reporting a 21% jump in full-year earnings to December last year, South African insurer Old Mutual said it also took a R500m knock as clients failed to keep up with insurance premiums, particularly in its lower- to middle-income segment...
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