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Old Mutual posts highest profit since 2019

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OLD  Mutual Group reported its highest profit since 2019, buoyed by rising demand for its short-term insurance  and wealth management products at home in South Africa.

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The Johannesburg-based company’s adjusted headline earnings rose 14% to to R6.69 billion ($370 million). That exceeded the R6.6 billion-forecast by six analysts in a Bloomberg survey.

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