Old Mutual Holdings PLC reported a sharp 98% plunge in Profit after Tax (PAT) to KShs 5 million for the half year ended June 30, 2025, down from KShs 249 million last year, primarily due to higher costs and weaker insurance performance.

• PAT plummeted by 98% to KShs 5 million.
• The affected organization is Old Mutual Holdings PLC.
• Insurance revenue dipped 2.4% to KShs 16.40 billion, and insurance service result worsened to a loss of KShs 303 million, reflecting challenges in the insurance operating environment despite a rise in investment income.