OMU announces additional ZAR 1bn share buyback after robust sales
OMU said ROGEV and normalized RONAV exceeded cost of capital, citing strong growth in Life APE sales, gross flows and OM Bank customer acquisition. It also announced an additional ZAR 1 billion share buyback.
ROGEV and normalized RONAV both exceeded cost of capital, supported by strong growth in Life APE sales, gross flows and OM Bank customer acquisition. Catastrophe losses affected insurance, but cost savings and capital efficiency targets remain on track. An additional ZAR 1 billion share buyback was announced.