Old Mutual Holdings

Old Mutual Holdings Plc, formally known as UAP Holdings Limited, is an investment, retirement, and insurance group that operates mainly in Eastern Africa. UAP Holdings is one of the leading insurance and financial services groups in eastern Africa with a network of branches and operational subsidiaries spread across the greater eastern and central Africa regions.

The group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, South Sudan, Rwanda, Tanzania, the Democratic Republic of Congo, and Mauritius. The Mauritius units are holding companies for the non-Kenyan operations. The flagship company of the group is UAP Insurance Kenya.[2]

History

Origins

The Group's origins in Kenya date back to the 1920s when Provincial Insurance Company of East Africa was incorporated as a subsidiary of Provincial Insurance Company, an insurance group based in London, United Kingdom.

Subsidiaries and associated companies

The companies that comprise the Old Mutual Holdings include, but are not limited, to the following:[13][14]

1) UAP Insurance Company Limited – Nairobi, Kenya – 100% Shareholding – The flagship company of the group. Offering general insurance.

2) UAP Life Assurance Limited – Nairobi, Kenya – 100% shareholding – Offering life insurance.

3) UAP Insurance Uganda Limited – Kampala, Uganda – 53% shareholding – Offering general insurance.

4) UAP Life Assurance Uganda Limited – Kampala, Uganda – 53% shareholding – Offering life insurance.[15]

5) UAP Insurance South Sudan Limited – Juba, South Sudan – 100% shareholding – Offering general and life Insurance.

6) UAP Financial Services Kenya Limited – Nairobi, Kenya – 100% shareholding – Offering financial services, investment management, Investment advisory, and brokerage services.

7) UAP Financial Services Uganda Limited – Kampala, Uganda – 89% shareholding – Offering financial services, investment management, advisory and brokerage services.

8) UAP Investments – Nairobi, Kenya – 100% shareholding – Offering unit trusts and pension services.

9) UAP Properties Uganda Limited – Kampala, Uganda – 79% shareholding – real estate.

10) UAP Properties Kenya Limited – Nairobi, Kenya – 100% shareholding – real estate.

11) UAP Properties South Sudan Limited – Juba, South Sudan – 70% shareholding – real estate.

12) UAP Brokers – Kinshasa, Democratic Republic of Congo – Offering brokerage services.

13) Union Life Rwanda Ltd – Kigali, Rwanda – 100% shareholding – Offering life insurance.

14) Union Insurance Rwanda Ltd – Kigali, Rwanda – 100% shareholding – Offering general insurance.

15) UAP Century Insurance Company Limited – Dar es Salaam, Tanzania, – 60% shareholding – Offering general and life insurance.

16) UAP Africa Limited – Port Louis, Mauritius – 100% shareholding – Holding company for insurance businesses.

17) UAP Investments – Port Louis, Mauritius – 100% shareholding – Holding company for advisory financial service businesses.

18) UAP Properties – Port Louis, Mauritius – 100% shareholding – Holding company for real estate businesses.

19) UAP Global Services – Port Louis, Mauritius – 100% shareholding – Dormant.

20) UAP Credit Services – Port Louis, Mauritius – 100% shareholding – Dormant.

type	Public company: OTC‡R1R‡
industry	Insurance, financial services
foundation	1920
location	UAP Old Mutual Tower Upper Hill Road Nairobi, Kenya
key people	Arthur Oginga (CEO), Joseph B. Wanjui (Chairman)
products	Life and health insurance, investment management, Investment advisory, brokerage, real estate investment trusts
revenue	KSh 16.8 billion (2015)
profit	KSh 890 million (2015)
assets	KSh 48.7 billion (2015)

Old Mutual Holdings

History

Origins

Old Mutual

Merger into one company

Subsidiaries and associated companies

Ownership

Building

See also

References