NAIROBI, Kenya, Mar 17 – Old Mutual Holdings has posted a two percent increase in net profit to Sh856 million for the year ended December 31, 2025, supported by double-digit growth in its asset management unit and a strong performance in its life insurance business.
The insurer’s profit after tax rose from Sh838 million a year earlier, while profit before tax stood at Sh1.9 billion, underpinned by gains in its core business lines and improved treasury operations.
The group’s asset base expanded by six percent to Sh79.2 billion, while total equity rose three percent to Sh20.4 billion, reflecting balance sheet growth during the period under review.
“Our performance reflects the resilience of our diversified portfolio and the discipline of our execution in a dynamic operating environment,” said its CEO Arthur Oginga.
“We have strengthened our capital position, significantly improved our liquidity, and delivered strong growth in life and asset management position while continuing to invest in digital innovation.”
Growth in the period was largely driven by the asset management business, where profit before tax climbed to Sh992 million from Sh837 million a year earlier, boosted by strong inflows into unit trusts, particularly in Uganda, where assets under management grew by 34 percent.
The life insurance segment also recorded gains, with profit before tax rising to Sh791 million from Sh681 million, supported by improved operational efficiencies.
Cash and cash equivalents rose by 33 percent to Sh15.1 billion, while digital channels continued to gain traction, with e-commerce sales increasing to Sh708 million from Sh533 million.
During the year, the firm also completed the merger of its Kenyan life insurance entities and announced plans to exit the South Sudan market after a run-off period as part of capital allocation measures.
