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International

Old Mutual expects massive profit slump

August 27, 2020 Reprints

South African insurer Old Mutual Ltd. expects its earnings to slump by up to 72% year-over-year to between 1.4 billion South African rand ($83 million) and nearly ZAR 2 billion in the first six months, Independent Online reported. The crisis has caused a decline in business volume and an increase in COVID-19-related claims.

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Old Mutual expects massive profit slump

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