Old Mutual Income Statement

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	81,572	72,664	68,260	63,300	72,551
Total Interest & Dividend Income	222,541	14,854	15,331	5,260	39,502
Gain (Loss) on Sale of Investments	-	-575	-	-	115,254
Non-Insurance Activities Revenue	4,741	5,971	5,918	5,531	4,780
Other Revenue	-190,884	11,747	9,791	8,483	11,827
Total Revenue	117,970	104,661	99,300	82,574	243,914
Revenue Growth (YoY)	12.72%	5.40%	20.26%	-66.15%	77.34%
Policy Benefits	64,656	36,862	35,501	34,220	186,513
Policy Acquisition & Underwriting Costs	-	10,911	10,098	8,784	10,506
Selling, General & Administrative	-	11,907	10,426	9,802	24,247
Non-Insurance Activities Expense	29,186	26,449	25,596	19,951	755
Other Operating Expenses	-	1,395	1,474	2,165	11,874
Total Operating Expenses	95,827	89,193	85,444	76,001	234,562
Operating Income	22,143	15,468	13,856	6,573	9,352
Interest Expense	-	-	-	-	-534
Earnings From Equity Investments	493	689	110	118	1,385
Currency Exchange Gain (Loss)	-	-	-	-	24
Other Non Operating Income (Expenses)	-	-	-	-	1,400
EBT Excluding Unusual Items	22,636	16,157	13,966	6,691	11,627
Impairment of Goodwill	-	-	-	-	-204
Gain (Loss) on Sale of Assets	78	-660	-	-133	-36
Asset Writedown	-	-	-	-	1,840
Pretax Income	22,714	15,497	13,966	6,558	13,427
Income Tax Expense	13,497	7,106	6,333	907	5,964
Earnings From Continuing Ops.	9,217	8,391	7,633	5,651	7,463
Net Income to Company	9,217	8,391	7,633	5,651	7,463
Minority Interest in Earnings	-809	-722	-568	-420	-801
Net Income	8,408	7,669	7,065	5,231	6,662
Net Income to Common	8,408	7,669	7,065	5,231	6,662
Net Income Growth	9.64%	8.55%	35.06%	-21.48%	-
Shares Outstanding (Basic)	4,268	4,353	4,459	4,530	4,402
Shares Outstanding (Diluted)	4,430	4,502	4,585	4,613	4,473
Shares Change (YoY)	-1.60%	-1.81%	-0.61%	3.13%	2.10%
EPS (Basic)	1.97	1.76	1.58	1.15	1.51
EPS (Diluted)	1.90	1.70	1.54	1.13	1.49
EPS Growth	11.39%	10.58%	35.89%	-23.84%	-
Free Cash Flow	-3,484	23,205	11,903	26,695	19,245
Free Cash Flow Per Share	-0.79	5.15	2.60	5.79	4.30
Dividend Per Share	-	0.860	0.810	0.760	0.760
Dividend Growth	-	6.17%	6.58%	-	117.14%
Operating Margin	18.77%	14.78%	13.95%	7.96%	3.83%
Profit Margin	7.13%	7.33%	7.12%	6.33%	2.73%
Free Cash Flow Margin	-2.95%	22.17%	11.99%	32.33%	7.89%
EBITDA	22,662	15,987	14,388	7,091	10,506
EBITDA Margin	19.21%	15.28%	14.49%	8.59%	4.31%
D&A For EBITDA	519	519	532	518	1,154
EBIT	22,143	15,468	13,856	6,573	9,352
EBIT Margin	18.77%	14.78%	13.95%	7.96%	3.83%
Effective Tax Rate	59.42%	45.85%	45.35%	13.83%	44.42%
Revenue as Reported	-	-	-	-	247,814

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.