Old Mutual Holdings today reported a profit after tax of KES 856 million for the year ended December 2025.This represents a 2% growth from KES 838 million the company recorded back in 2024.
The Group’s performance was supported by strong gains in its core businesses, particularly asset management and life insurance, alongside growing traction in its digital platforms.
“Our performance reflects the resilience of our diversified portfolio and the discipline of our execution in a dynamic operating environment,” said Group CEO Arthur Oginga.
Old Mutual’s asset management division was a key driver of growth. It recorded a profit before tax of KES 992 million. This is up from KES 837 million in 2024. This was supported by strong inflows into unit trust products. This was particularly in Uganda, where assets under management grew by 34%.
The life business also saw profit before tax rise to KES 791 million from KES 681 million.
Old Mutual is also increasingly positioning itself as a digital-first financial services provider. The company reported e-commerce sales of KES 708 million, up from KES 533 million in 2024.
Thrive, its wellness platform, saw downloads grow from just 3,105 in 2024 to 128,153 in 2025.
Old Mutual also expanded its digital and regional footprint through different partnerships and integrations. These include integration with Rwanda’s Irembo platform and gained access to over 2 million users. The company also partnered with Paystack to streamline digital payments. In Uganda, it partnered with Nxt Pe to enable Airtel Money premium payments. The company also announced Fund management partnerships with Safaricom-linked Ziidi Money Market Fund and Octagon Unit Trust.
The Group’s total assets grew by 6% to KES 79.2 billion, while equity rose to KES 20.4 billion.
Cash and cash equivalents increased by 33% to KES 15.1 billion.
During the year, Old Mutual completed the merger of its Kenya life insurance entities and announced plans to exit South Sudan after a run-off period, signaling a sharper focus on sustainable markets.
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