---
title: "Old Mutual Interim Results: Sales Up 21%, Dividend Up 8%"
description: "Old Mutual interim results for H1 2026 show 21% sales growth, an 8% higher interim dividend, and a new R1bn share buyback plan."
canonical_url: "https://liners.com/news/old-mutual-interim-results-2026-sales-dividend-share-buyback"
markdown_url: "https://liners.com/news/old-mutual-interim-results-2026-sales-dividend-share-buyback.md"
type: "article"
language: "en"
published_at: "2026-09-09T18:18:37.059Z"
updated_at: "2026-09-09T18:18:44.087Z"
---

# Old Mutual Interim Results: Sales Up 21%, Dividend Up 8%

Old Mutual interim results for H1 2026 show 21% sales growth, an 8% higher interim dividend, and a new R1bn share buyback plan.

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## Content

## In Short
Old Mutual reported 21% growth in key sales metrics for the six months ended 30 June 2026. The group raised its interim dividend by 8% to 40 cents per share. It also approved a further R1 billion share buyback.

## What Happened
[Old Mutual](/old-mutual) published interim results on 8 September 2026, covering the first half of its 2026 financial year.

The group said life annual premium equivalent, or APE, sales rose 21%. APE is a common insurance metric that converts different premium types into a yearly number so sales can be compared like for like. Old Mutual said APE sales would have been up 12% after excluding some large, non-recurring corporate risk deals.

Gross flows, meaning total customer money moving into products such as investments and savings, also grew 21%. Old Mutual linked this to strong inflows in its Wealth Management platform business and the inclusion of 10X Investments, alongside higher inflows in Old Mutual Investments.

The value of new business rose 32%, and the new business margin improved by 10 basis points. A basis point is one hundredth of a percent, so 10 bps equals 0.10%. On profitability, results from operations per share increased 11%, while adjusted headline earnings fell due to weaker shareholder investment returns during a risk-off market period.

Old Mutual said OM Bank reached 742,000 customers and retail deposits increased to R1.4 billion. It also reported cumulative cost savings of R936 million, as it works toward a R2.5 billion savings target by end-2027.

## Why It Matters
For investors, the higher interim dividend and R1 billion share buyback point to continued capital returns, even as market volatility hit investment gains. A share buyback means the company repurchases its own shares, which can lift earnings per share by reducing the share count.

For the wider fintech and banking market in South Africa, OM Bank customer growth and deposit gains show traditional financial groups are still pushing digital bank expansion. Old Mutual also signalled sales growth may moderate in H2 2026 because some large deals are not expected to repeat.

## Sources and products

- [oldmutual.com](https://www.oldmutual.com/om-docs/bltf9ccfb065fba95a8/Media_Release.pdf)
- [Old Mutual](/old-mutual)

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