As part of the Old Mutual plc Group, a FTSE®100 listed company; we have the backing of a large, well respected and financially stable worldwide organisation.
Old Mutual is listed on the London and Johannesburg stock exchanges, among others around the world. It has over £284.2 billion in funds under management,* operates in over 34 countries and has over 54,000 employees.
Old Mutual’s industry financial ratings are as follows:
Moody’s** – Baa1 (negative outlook)
Fitch*** – BBB+ (negative watch)
Issuer Credit Ratings (ICRs) indicate the opinion of each rating agency as to the long-term credit risk of an entity. For our customers, strong ratings would be an indication that their money was safe. Although we may be fully solvent, the value of the underlying investments can rise as well as fall and we cannot guarantee that these will not fail.
Insurer financial strength ratings (IFS) provide an assessment of the financial strength of an insurance organisation. IFS Ratings is assigned to the insurance company's policyholder obligations, including assumed reinsurance obligations and contract holder obligations, such as guaranteed investment contracts.
If our ratings are reduced it can have a knock-on effect on our share price, leading to a reduction in investor confidence and therefore potentially less sales.
*Figures correct as at 31 March 2012.
** Moody's correct as at 24 Novemebr 2011.
*** Fitch rating as at 16 January 2012.