Paul Arithi 
From left,Isaiah Gakonyo,Chief Operating Officer, Dr. Habil Olaka (EBS), Chairman and Non-Executive Director, and Arthur Oginga, Group Chief Executive Officer, Old Mutual Holdings PLC, during the announcement of the company’s financial results.
Old Mutual Holdings Plc HY 2026 Net Profits Rise to KES 882 Million as Insurance Business Returns to Profitability;
- Profit after tax surges to KES 882m
- Insurance service result recorded a strong turnaround from a loss of KES 303 million to a profit of KES 287million
- Net investment result increased by 16% to KES 1.9 billion
- Commission, fees and other income grew to KES 1.6 billion driven by a 32% increase in assets under management
The improvement followed a focused claims management, underwriting discipline, and cost control across the Group.
Old Mutual Group CEO Arthur Oginga said the results reflect progress made in strengthening the underlying performance of the Group’s businesses.
“Our ambition continues to be our customers’ first choice for sustaining, growing, and protecting their prosperity.
This ambition is guided by our strategic pillars of lifestyle and wellness,technology and digital transformation, sustainability, strategic partnerships, and customer experience.”
“Our performance demonstrates the progress we are making in executing our strategy and delivering on our long-term ambitions.
We will continue to enhance this performance through new growth engines and a focus on a value led rather than a volume led business,” said Mr Oginga.
Net investment results increased to KES 1.9 billion from KES 1.7 billion in the corresponding period, supported by selective allocation to higher yielding investments, asset-liability matching initiatives, and effective liquidity management.
AUM increased by 32%, contributing to a 34% rise in commission income, underpinned by growth in managed funds and a deliberate focus on higher yielding portfolios.
“Our first half performance reflects disciplined execution across the Group,delivering improved insurance profitability, stronger net investment results, and sustained growth in asset management.
These outcomes demonstrate the effectiveness of our strategic interventions in strengthening earnings quality and resilience.
We remain focused on asset-liability management, cost optimisation, balance sheet restructuring, and targeted technology investments to profitability,” said Mr. Gakonyo
Old Mutual Holdings Plc Chairman Dr Habil Olaka said the Group remains focused on sustaining the performance while navigating a challenging economic environment and strengthening its capacity to deliver long-term value to shareholders.
As profitability and the Group’s financial position continue to strengthen, our ambition is to create the capacity for sustainable shareholder distributions,including the future resumption of dividend payment,subject to the Group’s financial position and applicable regulatory and statutory requirements.”
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