Old Mutual has proceeded with a final dividend to shareholders despite posting a R5.72bn total loss in the year to end-December 2020 as the impact of Covid-19 ravaged its business.
The financial services group’s net earned premiums declined moderately to R72.46bn in its fiscal year but it saw investment returns on its non-banking activities plummet 34% to R56.94bn...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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