Old Mutual Income Statement

Financials in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	80,671	81,572	72,664	68,260	63,300	72,551
Total Interest & Dividend Income	14,107	17,607	14,854	15,331	5,260	39,502
Gain (Loss) on Sale of Investments	-	-	-575	-	-	115,254
Non-Insurance Activities Revenue	4,823	4,741	5,971	5,918	5,531	4,780
Other Revenue	14,790	14,050	11,747	9,791	8,483	11,827
Total Revenue	114,391	117,970	104,661	99,300	82,574	243,914
Revenue Growth	6.30%	12.72%	5.40%	20.26%	-66.15%	77.34%
Policy Benefits	32,252	37,662	36,862	35,501	34,220	186,513
Policy Acquisition & Underwriting Costs	18,403	12,171	10,911	10,098	8,784	10,506
Selling, General & Administrative	12,790	12,790	11,907	10,426	9,802	24,247
Non-Insurance Activities Expense	29,772	29,186	26,449	25,596	19,951	755
Other Operating Expenses	2,608	2,033	1,395	1,474	2,165	11,874
Total Operating Expenses	97,942	95,827	89,193	85,444	76,001	234,562
Operating Income	16,449	22,143	15,468	13,856	6,573	9,352
Interest Expense	-	-	-	-	-	-534
Earnings From Equity Investments	535	493	689	110	118	1,385
Currency Exchange Gain (Loss)	-	-	-	-	-	24
Other Non Operating Income (Expenses)	-	-	-	-	-	1,400
EBT Excluding Unusual Items	16,984	22,636	16,157	13,966	6,691	11,627
Impairment of Goodwill	-	-	-	-	-	-204
Gain (Loss) on Sale of Assets	45	78	-660	-	-133	-36
Asset Writedown	-	-	-	-	-	1,840
Pretax Income	17,029	22,714	15,497	13,966	6,558	13,427
Income Tax Expense	8,128	13,497	7,106	6,333	907	5,964
Earnings From Continuing Ops.	8,901	9,217	8,391	7,633	5,651	7,463
Net Income to Company	8,901	9,217	8,391	7,633	5,651	7,463
Minority Interest in Earnings	-706	-809	-722	-568	-420	-801
Net Income	8,195	8,408	7,669	7,065	5,231	6,662
Net Income to Common	8,195	8,408	7,669	7,065	5,231	6,662
Net Income Growth	25.50%	9.64%	8.55%	35.06%	-21.48%	-
Shares Outstanding (Basic)	4,163	4,268	4,353	4,459	4,530	4,402
Shares Outstanding (Diluted)	4,329	4,431	4,502	4,585	4,613	4,473
Shares Change	-3.01%	-1.58%	-1.81%	-0.61%	3.13%	2.10%
EPS (Basic)	1.97	1.97	1.76	1.58	1.15	1.51
EPS (Diluted)	1.89	1.90	1.70	1.54	1.13	1.49
EPS Growth	29.28%	11.39%	10.58%	35.89%	-23.84%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	-8,252	-3,484	23,205	11,903	26,695	19,245
Free Cash Flow Per Share	-1.91	-0.79	5.15	2.60	5.79	4.30
Dividend Per Share	0.960	0.930	0.860	0.810	0.760	0.760
Dividend Growth	7.87%	8.14%	6.17%	6.58%	0%	117.14%
Operating Margin	14.38%	18.77%	14.78%	13.95%	7.96%	3.83%
Profit Margin	7.16%	7.13%	7.33%	7.12%	6.33%	2.73%
Free Cash Flow Margin	-7.21%	-2.95%	22.17%	11.99%	32.33%	7.89%
EBITDA	17,109	22,756	15,987	14,388	7,091	10,506
EBITDA Margin	14.96%	19.29%	15.28%	14.49%	8.59%	4.31%
D&A For EBITDA	660	613	519	532	518	1,154
EBIT	16,449	22,143	15,468	13,856	6,573	9,352
EBIT Margin	14.38%	18.77%	14.78%	13.95%	7.96%	3.83%
Effective Tax Rate	47.73%	59.42%	45.85%	45.35%	13.83%	44.42%
Revenue as Reported	-	-	-	-	-	247,814