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

By Tannur Anders

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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