Old Mutual's life insurance and annuity subsidiaries are represented in the U.S. by OM Financial Life Insurance Company and OM Financial Life Insurance Company of New York. Working through its network of established insurance companies, Old Mutual U.S. Life is headquartered in Baltimore, MD.

The companies that comprise Old Mutual's U.S. Life business deliver a diverse portfolio of annuities and life insurance products via an established group of master general agents. Products are distributed in all states and the District of Columbia. Old Mutual U.S. Life has nearly one million policyholders nationwide. As of December 31, 2008, OM Financial Life Insurance Company and OM Financial Life Insurance Company of New York (OM Financial) had $17.9 billion in statutory-basis assets and in-force life business valued at $121 billion. ($16.4 billion have been set aside for OM Financial policyholder liabilities). Total IFRS-basis assets for OMFN, including its direct affiliates were $28.2 billion as of December 31, 2008.