Aiden k 
From Left Arthur Oginga, Group Chief Executive Officer; Dr. Habil Olaka, EBS, Group Chairman and Isaiah Gakonyo, Group Chief Operations Officer, engage in a high level discussion and stakeholder interaction, and later pose for a photo during the Old Mutual Holdings PLC Full Year 2025 Investor Briefing Programme held on Tuesday, 17th March 2026, at Serena Hotel.
- Old Mutual PLC Reports KES 856 million Profit After Tax, as Assets Management and Digital Growth Drive Performance;
Old Mutual Holdings PLC has reported a profit after tax of KES 856 million for the year ended 31st December 2025, driven by double-digit growth in asset management and strong performance in life business.
This represents a 2% increase from KES 838 million recorded in 2024, reflecting the resilience of the Group’s diversified portfolio and disciplined execution in a dynamic macroeconomic environment.
The Group that operates in Kenya, Uganda, Rwanda, and South Sudan recorded a consolidated profit before tax of KES 1.9 billion, supported by strong performance in the life and asset management businesses, improved treasury management, and strengthened capital buffers.
During the year, total assets grew by 6% to KES 79.2 billion, up from KES 74.8 billion in 2024, while total equity strengthened by 3% to KES 20.4 billion from KES 19.7 billion, reinforcing the Group’s financial stability and long-term capacity to support customers and drive growth.
“Our performance reflects the resilience of our diversified portfolio and the discipline of our execution in a dynamic operating environment.
We have strengthened our capital position, significantly improved our liquidity, and delivered strong growth in life and asset management position while continuing to invest in digital innovation.
These fundamentals reinforce our confidence in our strategy and position us to deliver sustainable long-term value for shareholders while continuing to stand firmly with our customers,” Old Mutual Holdings Group CEO Arthur Oginga said.
Strong performance in core businesses Growth during the year was largely driven by strong performance in the Group’s asset management businesses.
Assets under management at Old Mutual Investment Group Uganda grew by 34%, supported by sustained inflows into the unit trust business, contributing to the Asset Management business delivering a profit before tax of KES 992
million, up from KES 837 million in 2024.
The Life business also delivered strong growth, posting a profit before tax of KES 791 million, up from KES 681 million in the prior year, supported by improved operational efficiency across its core segments.
The Group further strengthened its investment performance through improved treasury management and enhanced asset–liability matching, helping maintain stable returns despite a declining interest rate environment.
Key Financial Highlights
• Cash and cash equivalents increased by 33% to KES 15.1 billion from KES 11.3 billion in 2024, providing enhanced financial flexibility to support growth, digital investment, distribution expansion, and pursue sustainable growth opportunities across its markets.• e-commerce sales increased to KES 708 million in 2025 from KES 533 million in 2024, reflecting growing customer adoption of end-to-end digital journeys and the Group’s continued investment in scalable, technology-enabled distribution.• Asset Management delivered a return on investment of 14.37%, outperforming the 1-year Treasury Bill benchmark of 12.50%, underscoring the strength of the Group’s investment strategy and disciplined portfolio management.• Thrive App downloads increased more than fortyfold, rising from 3,105 in 2024 to 128,153 in 2025, underscoring accelerating digital traction across the Group’s wellness ecosystem.
Corporate Milestones
• During the year, the Group completed the merger of its Kenya life entities, Old Mutual Life Assurance Kenya (OMLAK) and Old Mutual Life Assurance Company (OMLAC).
• The Group also resolved to conclude operations in South Sudan after a run-off period, reflecting disciplined capital allocation and a focus on sustainable markets.
• Old Mutual Rwanda integrated with the Irembo national e-government platform, becoming the first major insurer on the platform and gaining access to over 2 million registered users for motor insurance services.
• Old Mutual integrated with Paystack to streamline digital payment capabilities, enhancing customer convenience and transaction efficiency across its platforms.
• Old Mutual Uganda partnered with Nxt Pe to launch a digital payment solution, enabling customers to pay life insurance premiums and set up standing orders directly via Airtel Money.
• Old Mutual Investment Group Kenya partnered with the Octagon Unit Trust Scheme and Ziidi Money Market Fund by Safaricom to provide fund management services, strengthening retail investment access and expanding its asset management footprint.
