Who we are
Old Mutual Life and Old Mutual General are part of the Old Mutual Limited group in Nigeria, a premium African financial services group that offers life protection, general insurance, savings, investments and lending services to 11.3 million customers in 14 countries across Africa and China.
Our Life Assurance and General Insurance business and has been operating in Nigeria since March 2013, having acquired the majority stake in Oceanic Life Assurance Company. In January 2014, Old Mutual also acquired a majority stake in Oceanic General Insurance Limited, thereby offering both Life and General Insurance solutions tailored to meet unique individual and corporate client’s circumstances.
We provide a wide range of General and Life Insurance solutions designed to give value and peace of mind to our customers. We also aim to deepen the financial knowledge of Nigerians by providing free Financial Education workshops to organizations, associations, and groups.
Our unparalleled experience, expertise, and values allow us to deliver results and value to our clients.
To be our customers’ most trusted lifetime partner and we are passionate about helping them achieve their financial goals.
In responding to our customers’ needs, we are building a long-term savings, protection, investment, and lending group by leveraging the strength of our people and capabilities in Nigeria and around the world. We will focus, drive, and optimize our businesses to enhance value for customers, shareholders, and the communities we serve.
Our Group was established in Cape Town in 1845 as South Africa’s first mutual life insurance company, offering financial security in uncertain times. Our purpose is to help our customers thrive by enabling them to achieve their lifetime financial goals while investing their funds in ways that will create a positive future for them, their families, communities, and broader society. In this way, we significantly contribute to improving the lives of our customers and their communities while ensuring a sustainable future for our business. We now employ more than 30 000 people and operate in 14 countries across Africa and Asia.
Savings and protection: Our innovative life assurance-based product solutions address both protection and savings needs, as well as short-term insurance solutions.
Investment: We grow our customers’ savings and wealth through active and direct asset management with the Old Mutual Investment Group. We also select funds for customers to invest in through multi-managers.
General Insurance: Old Mutual offers personalized insurance solutions that are tailored to the individual needs of our customers.
We provide financial solutions to individuals, SMEs, and corporates across several market segments by offering:
Get to know our executive committee as well as latest company initiatives: