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Old Mutual Ltd. (ODMUF)
:ODMUF
Holding ODMUF?
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 11, 2019
|% Change Since: -14.47%
|Next Earnings Date:Aug 31, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted a robust performance in top-line growth, strong results from Old Mutual Insure, and strategic progress with the OM Bank. However, challenges such as a decline in VNB, impact from currency depreciation in Africa Regions, and increased credit losses were noted. The highlights and lowlights are relatively balanced, with notable achievements offset by key challenges.Company Guidance
During the call, Old Mutual Group provided several key metrics reflecting its robust performance for the first half of 2024. Life APE sales rose by 6% to ZAR 6.6 billion, driven by strong risk sales and improved channel productivity, although offset by weaker group risk sales. The short-term insurance segment saw a 9% rise in gross written premiums to ZAR 13.8 billion. The asset management arm experienced a 5% increase in funds under management, reaching ZAR 1.4 trillion, thanks to better equity market performance. The return on net asset value climbed by 70 basis points to 12.6%, driven by earnings growth and capital optimization. The company's adjusted headline earnings per share increased by 7% to ZAR 0.735, supported by a 14% rise in shareholder investment returns. Additionally, Old Mutual Insure achieved a net underwriting margin of 5.9%, at the upper end of its target range. The Group also declared an interim dividend of ZAR 0.34 per share, a 6% increase from the previous year, and announced a further ZAR 1 billion share buyback for 2024, pending regulatory approval.Sustained Top Line Growth
Life APE sales increased by 6% to ZAR 6.6 billion, supported by strong growth in risk sales and channel productivity improvements.
Strong Performance in Old Mutual Insure
Old Mutual Insure recorded a net underwriting margin of 5.9%, driven by better pricing and underwriting, marking an exceptional turnaround in profitability.
Growth in Asset Management
Funds under management increased by 5% to ZAR 1.4 trillion, largely due to improved equity market performance in South Africa.
Improved Shareholder Returns
Adjusted headline earnings per share increased by 7% to ZAR 0.735, supported by a 14% increase in shareholder investment returns and a share buyback.
Strategic Progress with OM Bank
Technical and operational progress with OM Bank is ahead of schedule, with a public launch planned for Q1 2025.
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ODMUF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ODMUF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Sep 26, 2024 | $0.76 | $0.77 | +1.32% |
| Mar 27, 2024 | $0.60 | $0.63 | +5.00% |
| Sep 27, 2023 | $0.63 | $0.63 | 0.00% |
| Mar 14, 2023 | $0.64 | $0.65 | +1.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Old Mutual Ltd. (ODMUF) report earnings?
Old Mutual Ltd. (ODMUF) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Old Mutual Ltd. (ODMUF) earnings time?
Old Mutual Ltd. (ODMUF) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ODMUF EPS forecast?
Currently, no data Available
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