Old Mutual Ltd. (ODMUF) has released an update.
Old Mutual Ltd. has indicated a mixed financial performance for the first half of 2024, with strong operational results in some divisions being offset by increased large claims in Personal Finance and higher central costs. The interim results show a notable growth in adjusted headline earnings, driven by South African equities, while profits from Zimbabwe are excluded due to economic conditions. Share repurchases in 2023 positively impacted per-share metrics, and the company anticipates key profit measures to fall within the provided ranges.
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