Profits Plunge by 98% at Old Mutual on Insurance Pressures
Old Mutual Holdings PLC has posted a sharp decline in profits for the half year ended June 30, 2025, weighed down by weaker profitability..
✨ Key Highlights
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.
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Old Mutual, Kenya Airways, and HF Group Report Mixed H1 2025 Financial Results - August 2025
Companies reported varied financial performances for the first half of 2025. Old Mutual Holdings PLC reported a sharp profit plunge of 98-99% to KShs 5 million for the half year ended June 30, 2025, citing lower interest rates and weakened insurance service results. Similarly, Kenya Airways reported a significant loss of Sh12 billion, a reversal from a Sh513 million profit a year earlier, attributing the downturn to grounded aircraft and reduced passenger traffic. In contrast, HF Group PLC announced a 134% jump in profit after tax to KSh 624.3 million, a performance that contributed to its banking subsidiary's upgrade to a Tier II bank.
