Old Mutual Reports First Profit Decline Since 2022 Amid Middle East Conflict Fears

Africa's largest insurer by assets saw profits fall for the first time in two years as geopolitical tensions in the Middle East triggered risk-off sentiment and curtailed investment returns.

8 Sept, 05:25 — 8 Sept, 05:25

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bloombergHigh1d ago

Old Mutual Profit Drops as US-Iran War Fallout Curbs Investments

Profit at Old Mutual declined for the first time since 2022 as risk-off sentiment from conflicts in the Middle East curbed investment returns at the Africa’s biggest insurer by assets.

By Adelaide Changole

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Old Mutual Reports First Profit Decline Since 2022 Amid Middle East Conflict Fears

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Old Mutual Profit Drops as US-Iran War Fallout Curbs Investments

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