Old Mutual sees an 87% rise in operating profit to R4.1 billion

Old Mutual says it is cooperating fully with the Competition Commission's investigation into alleged industry-wide collusion. The company is being probed, along with other insurance companies, for collusive price-fixing and trading for fees related to investment products and premiums. The insurer presented its 2022 interim results for the first six months, which saw an 87% rise in operating profit to R4.1 billion. It says two years of volatility with its operating earnings caused by the pandemic, has now stabilised.
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