OMLACSA

AcronymDefinition
OMLACSAOld Mutual Life Assurance Company South Africa
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OMLACSA, OML's main operating entity, reported a SAM ratio of 243% and a stable statutory capital adequacy requirement cover ratio of 3.0x at end-2017 (end-2016: 3.2x).
The National Ratings of OMLACSA, OMI and M&F RF would be downgraded if OML's creditworthiness deteriorates materially relative to the South African sovereign and its peers in the South African market.
A change in the South African sovereign IDRs would be unlikely to affect the National Ratings of OMLACSA and OMI, as the relation of these ratings to that of the best credits in South Africa is expected to remain unaffected.
OMLACSA, OMI and Mutual & Federal Risk Financing Limited (M&F RF) will continue to operate as "Core" entities under OMEM.
The National Ratings of OMLACSA, OMI and M&F RF would be downgraded if OMEM's creditworthiness deteriorates materially relative to the South African sovereign and its peers in the South African market.