South Africa's Sanlam reports 48% rise in annual profit
Loading player...
GUEST – Abigail Mukhuba – SANLAM Group CFO
FINANCIAL HIGHLIGHTS
The group achieved superior results across all the key metrics it uses to measure its performance.
Highlights included:
1. Net result from financial services totalled R12,4 billion, a record achievement, and 21% higher on a per share basis;
2. The life insurance portfolio grew earnings by 19%, general insurance by 21%, investment management by 14% and credit and structuring by 29%;
3. New business volumes remained solid at just under R400 billion, also a record high, with robust sales growth across all lines of business; and
4. Total net client cash flows remained solid despite the challenging consumer environment.
FINANCIAL HIGHLIGHTS
The group achieved superior results across all the key metrics it uses to measure its performance.
Highlights included:
1. Net result from financial services totalled R12,4 billion, a record achievement, and 21% higher on a per share basis;
2. The life insurance portfolio grew earnings by 19%, general insurance by 21%, investment management by 14% and credit and structuring by 29%;
3. New business volumes remained solid at just under R400 billion, also a record high, with robust sales growth across all lines of business; and
4. Total net client cash flows remained solid despite the challenging consumer environment.
