Profile: Old Mutual PLC (OML.L)

Old Mutual plc is an international long-term savings, investment and protection company. The Company provides short-term insurance solutions in southern Africa through Mutual & Federal. The Long-Term Savings division offers life assurance, pensions and investment products and operates in southern Africa, Europe, Asia and Latin America. Its other-core operations include Nedbank Limited (Nedbank), which consists of banking and asset management; Mutual & Federal, which includes general insurance; US Asset Management, which consists of asset management, and Other, which consists of other business activities. On December 15, 2011, it sold of its interest in its Skandia Nordic business, which operates in Sweden, Norway and Denmark. On April 7, 2011, it disposed of its interest in the United States life insurance business and closed its Swiss business. In February 2013, it acquired a majority stake in Oceanic Life.