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Comprehensive, third party, fire and theft or third party only car insurance. Premium based on risk profile.
It’s great to be back at Old Mutual and to be leading the business as it transitions to its future as the principal operation of the new primary listed entity on the JSE. We produced a credible set of half-year results despite the challenging macro environment.
Our pre-tax adjusted operating profit (AOP) was 1% higher than prior year. This reflects a significant turnaround in the Old Mutual Insure underwriting result, strong recovery of risk underwriting results in South Africa’s Corporate segment and improved results in East Africa. We continue to drive a customer centric culture as we build deeper relationships with our customers by improving our value offering. Outside of South Africa, the market opportunity on the continent is a long-term journey which we believe in and remain committed to. I look forward to updating you on the progress we make as we exploit the opportunities that lie ahead for us.
Peter Moyo, CEO: Old Mutual Emerging Markets