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Old Mutual Life Assurance Company South Africa

Old Mutual group’s largest subsidiary and principal South African life-assurance operating company.

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Old Mutual headquarters at 1 Mutual Place in Johannesburg
Old Mutual’s headquarters at 1 Mutual Place in Johannesburg, photographed on 1 June 2018. Photo: Henk Viljoen · Source · Creative Commons Attribution-ShareAlike 4.0 International

OMLACSA is the largest subsidiary in the Old Mutual Limited group. [3]

History

It carries the South African life-assurance business descended from the 1845 mutual. [1][3]

The group reported a 100% holding at 31 December 2025. [3]

Regulated capital

OMLACSA had a regulatory solvency ratio of 175% at 30 June 2026. [4]

That ratio belongs to the regulated life company rather than the listed parent share. [4][3]

Frequently asked questions

What does OMLACSA do?

It is the group’s main South African life-assurance company. [3]

Is it separately listed?

No. Old Mutual Limited is the listed parent. [3]

Did it own Nedbank shares?

Yes. It retained the dated minority holding described in the 2018 and 2021 unbundling records. [5][6]

Key milestones

  1. The life-assurance lineage began with the Cape mutual. [1][2]

  2. OMLACSA retained the initial 19.9% post-separation Nedbank stake. [5]

  3. The announced second unbundling left about 7.2% at that transaction date. [6]

Related people

Related articles

Related institutions

  • Old Mutual Limited — Listed South African parent of a pan-African insurance, investment and banking group with roots in the 1845 Cape mutual.
  • Nedbank Group — JSE-listed South African banking group formerly majority owned by Old Mutual and unbundled from the insurer in stages.

Sources

  1. Old Mutual plc, Corporate brochure 2013: Our history, 2013. Original source. Accessed 2026-11-03. ↩
  2. Truth and Reconciliation Commission, Old Mutual submission to the business-sector hearing, 1997-11-11. Original source. Accessed 2026-11-03. ↩
  3. Old Mutual Limited, Annual Financial Statements for the year ended 31 December 2025, 2026-03-17. Original source. Accessed 2026-11-03. ↩
  4. Old Mutual Limited, Interim results for the six months ended 30 June 2026, 2026-09-08. Original source. Accessed 2026-11-03. ↩
  5. Old Mutual Limited and Nedbank Group, Nedbank unbundling long-form announcement, 2018-09-26. Original source. Accessed 2026-11-03. ↩
  6. Old Mutual Limited, Unbundling of a portion of the Nedbank shareholding, 2021-06-23. Original source. Accessed 2026-11-03. ↩