War comes for South Africa’s oldest insurer

• Old Mutual's headline earnings decreased by approximately 5.5% year-on-year to R3.9 billion
• The company's decline in earnings was due to negative shareholder investment returns, driven by the poor performance of equity and bond indices in the period, and ongoing geopolitical tensions, particularly the war in the Middle East
• The company saw growth in its life and savings sector, with life insurance sales rising by 21% year-on-year to roughly R7.9 billion