Old Mutual Ltd (ODMUF) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.494 Good day, everyone, and thank you for joining us today. 00:00:02.494 -- 00:00:06.678 On behalf of our board and the management team, welcome to the All Mutual Group Annual 00:00:06.678 -- 00:00:11.163 Result for the period ended 31st December 2024. 00:00:11.163 -- 00:00:15.307 I am Langa Mangaile, Head of Investor Relations for the All Mutual Group. 00:00:15.307 -- 00:00:20.373 On our agenda for today, I will begin with our Group CEO, Ian Williamson, who will 00:00:20.373 -- 00:00:23.436 kick off with an operational and strategic review. 00:00:23.436 -- 00:00:28.752 He will shortly be followed by Kasper Toski, our Group CFO, to cover the financial review. 00:00:28.752 -- 00:00:32.867 Ian will then come back to the stage to give us his concluding message. 00:00:32.867 -- 00:00:37.382 I'll then pick up from there to facilitate the questions and answer sessions. 00:00:37.382 -- 00:00:39.630 And with that, I'd like to hand over to you, Ian. 00:00:39.630 -- 00:00:41.851 Thank you. 00:00:55.178 -- 00:01:01.603 Thanks, Lange. A warm welcome, everyone, and we really appreciate your attendance today. 00:01:01.685 -- 00:01:06.971 We've delivered strong double-digit earnings growth with our key metric 00:01:06.971 -- 00:01:11.255 for distributable earnings, adjusted headline earnings per share, growing by a strong 00:01:11.255 -- 00:01:13.255 17% 00:01:13.258 -- 00:01:16.559 to 150.6 cents per share. 00:01:17.182 -- 00:01:22.528 The return on net asset value continued to trend upwards, growing by 160 basis 00:01:22.528 -- 00:01:25.088 points to 12.7%. 00:01:25.773 -- 00:01:30.422 And excluding our investments in new growth initiatives, our RONA have improved materially 00:01:30.422 -- 00:01:32.026 to 15.6%. 00:01:32.026 -- 00:01:34.026 In 00:...