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Old Mutual Profit Drops as US-Iran War Fallout Curbs Investments
Source: Bloomberg
Corporate EarningsGeopolitics & WarInvestor Sentiment & Positioning
Old Mutual's profit declined for the first time since 2022 as risk-off sentiment tied to Middle East conflicts reduced investment returns. The weaker performance at Africa's largest insurer by assets highlights geopolitical-market volatility as a near-term headwind for its earnings.
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