Old Mutual Holdings experienced a dramatic 99 percent plunge in profit after tax from continuing operations for the first half of 2025. This significant downturn was primarily driven by lower interest rates in Kenya and weakened insurance service results.

• Profit after tax from continuing operations plummeted by 99 percent.
• Old Mutual Holdings reported a consolidated profit before tax of Sh380 million, a 66 percent decrease from Sh1.1 billion in the first half of 2024.
• Lower interest rates in Kenya, leading to reduced interest income and fair value losses, along with higher loss ratios in Kenya's life insurance segment, were key contributing factors to the profit decline.