Old Mutual stock reports stronger first half despite earnings fall
Published on 09/29/2026 at 20:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Old Mutual stock stood at EUR 12.00 at Lang & Schwarz on September 29, 2026 at 8:30 p.m. CEST, unchanged from the prior close. The South African financial services group delivered stronger operating progress in the six months ended June 30, 2026, while investment returns pushed adjusted headline earnings lower.
Operating earnings rise 11 percent
According to Financial Times on September 8, 2026, results from operations per share increased 11% year over year to 126.3 cents in H1 2026, compared with 113.5 cents in H1 2025. Life annual premium equivalent sales and gross flows each grew 21%, reaching ZAR 7.857 billion and ZAR 128.911 billion respectively.
The operating improvement was broad enough to support a return on group equity value of 12.7% for H1 2026. Group equity value per share rose 4% to ZAR 20.66, giving investors a clearer measure of value creation than the headline earnings figure alone.
Investment returns cut headline earnings
Reuters reported on September 8, 2026, that adjusted headline earnings fell 30% to ZAR 2.951 billion from ZAR 4.204 billion a year earlier. Adjusted headline earnings per share declined 27% to 70.6 cents from 96.6 cents, as shareholder investment returns weakened during a period of market volatility.
The counterweight was a higher interim payout. Old Mutual declared 40 cents per share for H1 2026, up 8% from 37 cents, and approved a ZAR 1 billion share buyback. The company also reported 742,000 OM Bank customers and retail deposits of ZAR 1.4 billion, highlighting the scale of its newer banking operation.
Dividend date sets the next checkpoint
The interim dividend calendar places September 29, 2026 as the last day to trade cum dividend on the JSE, with the ex-dividend date on September 30, 2026, according to Financial Times. The schedule makes the payout a concrete near-term reference point, while the earnings mix leaves operating growth and investment returns pulling in opposite directions.
Old Mutual stock holds at EUR 12.00
Old Mutual stock was trading at EUR 12.00 at Lang & Schwarz on September 29, 2026 at 8:30 p.m. CEST, unchanged at 0.00% versus the Lang & Schwarz prior close of EUR 12.00. Old Mutual Limited is listed on the Johannesburg Stock Exchange under ticker OMU and operates in financial services, with life insurance as its primary industry.
Old Mutual stock facts
- Company: Old Mutual Limited
- Ticker: OMU
- Primary exchange: Johannesburg Stock Exchange
- Price Lang & Schwarz (as of September 29, 2026, 8:30 p.m. CEST): EUR 12.00
- Change versus prior close: 0.00 percent
- Prior close Lang & Schwarz (September 28, 2026): EUR 12.00
- Sector / Industry: Financial Services / Insurance - Life
