Old Mutual Balance Sheet

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	-	247,647	226,852	226,966	218,316	210,179
Investments in Equity & Preferred Securities	1,995	349,259	338,317	1,065	348,238	300,318
Other Investments	1,033,001	439,995	393,766	665,438	333,742	278,990
Total Investments	1,078,382	1,083,807	1,014,254	944,658	943,826	832,635
Cash & Equivalents	79,414	38,434	38,121	37,467	32,931	33,560
Reinsurance Recoverable	8,581	8,563	8,798	8,071	16,128	17,345
Other Receivables	50,739	38,665	34,642	28,976	30,013	27,013
Deferred Policy Acquisition Cost	386	408	431	478	1,901	1,890
Property, Plant & Equipment	9,346	8,859	9,598	8,259	9,155	8,952
Goodwill	-	1,758	1,694	1,707	1,404	1,608
Other Intangible Assets	8,306	6,511	6,139	5,227	4,830	4,317
Restricted Cash	86	178	133	173	195	235
Other Current Assets	14,899	40,005	35,063	20,040	5,839	5,965
Long-Term Deferred Tax Assets	3,062	3,767	3,945	4,740	2,455	2,007
Other Long-Term Assets	-	4,326	4,208	4,949	5,177	5,155
Total Assets	1,253,201	1,235,281	1,157,026	1,064,745	1,053,854	940,682
Accounts Payable	72,219	1,304	1,881	2,099	1,481	215
Accrued Expenses	-	5,819	5,410	4,908	4,901	3,668
Insurance & Annuity Liabilities	698,061	664,874	619,863	581,850	155,672	351,916
Unpaid Claims	-	123	113	90	11,827	14,415
Unearned Premiums	-	-	-	-	3,400	2,969
Reinsurance Payable	2,712	2,438	1,706	903	166	279
Current Portion of Long-Term Debt	2,635	6,975	6,687	3,028	1,738	6,941
Short-Term Debt	-	22,898	28,653	27,070	16,085	20,309
Current Income Taxes Payable	1,164	767	453	712	499	459
Long-Term Debt	17,885	25,798	32,833	33,220	31,160	30,759
Long-Term Leases	-	1,296	787	777	847	938
Long-Term Deferred Tax Liabilities	7,999	6,540	5,232	3,370	6,453	4,293
Separate Account Liability	-	-	-	-	-	332,829
Other Current Liabilities	114,663	119,570	109,548	102,749	77,705	73,504
Other Long-Term Liabilities	271,561	313,058	283,168	241,765	673,802	25,702
Total Liabilities	1,189,389	1,173,516	1,098,451	1,004,545	988,553	871,359
Common Stock	234	234	238	244	85	85
Retained Earnings	72,659	70,905	67,297	66,210	68,003	73,726
Comprehensive Income & Other	-12,747	-12,364	-11,475	-8,869	-5,914	-6,816
Total Common Equity	60,146	58,775	56,060	57,585	62,174	66,995
Minority Interest	3,666	2,990	2,515	2,615	3,127	2,328
Shareholders' Equity	63,812	61,765	58,575	60,200	65,301	69,323
Total Liabilities & Equity	1,253,201	1,235,281	1,157,026	1,064,745	1,053,854	940,682
Filing Date Shares Outstanding	4,270	4,295	4,356	4,411	4,709	4,709
Total Common Shares Outstanding	4,270	4,295	4,356	4,411	4,709	4,709
Total Debt	20,520	56,967	68,960	64,095	49,830	58,947
Net Cash (Debt)	58,894	-18,533	-30,839	-26,628	-16,899	-25,387
Net Cash Growth	81.07%	-	-	-	-	-
Net Cash Per Share	13.19	-4.12	-6.73	-5.77	-3.78	-5.79
Book Value Per Share	14.09	13.68	12.87	13.05	13.20	14.23
Tangible Book Value	51,840	50,506	48,227	50,651	55,940	61,070
Tangible Book Value Per Share	12.14	11.76	11.07	11.48	11.88	12.97
Land	-	492	723	1,637	680	590
Buildings	-	6,783	6,515	5,800	7,108	6,760
Machinery	-	4,079	4,986	4,268	4,138	3,891

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.