Old Mutual Returns to Profit in a Year of Realignment
|By Robert O'Connor|
|A.M. Best Company, Inc.|
As it moved closer to the completion of its strategy of building a long-term savings, protection and investment group,
Pretax operating profit rose 14% to 1.51 billion pounds from 1.33 billion pounds.
Adjusted operating earnings per share rose 13% to
The company said it is continuing to look at a partial initial public offering of its U.S. asset management business as it seeks improvements in margins, investment performance and overall growth.
"While there has been a significant amount of change over the past two years, we remain committed to building a long-term savings, protection and investment group and to drive and support
|Copyright:||(c) 2012 A.M. Best Company, Inc.|