Old Mutual boosted by dropped underpriced customer accounts

Old Mutual Holdings' net profit rose to Sh882 million in the first half of 2026, exceeding last year's full-year earnings in just six months. The company benefited from dropping underpriced customer accounts, resulting in an underwriting profit of Sh287 million. Despite flat insurance revenues at Sh16.3 billion, cost management improved through renegotiated supply contracts.