Old Mutual Insurance’s net profit up 81%

OLD Mutual Insurance Company Private Limited has posted an 81,34% increase in profit after tax to US$3,54 million in its financial year ended December 31, 2023, buoyed by new insurance products.

In the prior year, profit after tax was US$1,95 million.

Old Mutual Insurance is one of the subsidiaries of financial services group, Old Mutual Zimbabwe.

This story is for NewsDay subscribers.