Published on Atlas Magazine (https://www.atlas-mag.net)

Home > Printer-friendly

Old Mutual Zimbabwe, 2016 results

Tweet [1] [2]
Magazine Issue: 
Stability versus profitability, the hard equation of emerging insurance markets [3]
Magazine date: 
Mar 2017

At the end of 2016, Old Mutual Zimbabwe (OMZ) posted a significant increase in its net profit after tax (+590%) which amounted to 91.8 million USD, against 13.3 million USD in 2015.

This rise is due to the increase in income from investments of non-banking activities. Turnover, on the other hand, recorded a moderate increase of 2.9%, from 183.5 million USD in 2015 to 188.8 million USD by the end of 2016.

Shareholders' equity stands henceforth at 378.9 million USD, up by 19% compared to 2015. With 2.16 billion USD, total assets increased also by 9.6% in 2016.

More news

Mon, 27/03/2017 - 08:50

Source URL: https://www.atlas-mag.net/en/article/old-mutual-zimbabwe-2016-results

Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fold-mutual-zimbabwe-2016-results&text=Old+Mutual+Zimbabwe%2C+2016+results
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fold-mutual-zimbabwe-2016-results&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/stability-versus-profitability-the-hard-equation-of-emerging-insurance-markets
[4] http://www.atlas-mag.net/en/taxonomy/term/10%2C5