Sanlam sees strong growth across all business lines
The group’s new business volumes in life insurance grew by 12%, while net operational earnings rose by 17%.
The group’s new business volumes in life insurance grew by 12%, while net operational earnings rose by 17%.
Sanlam gained market share in individual underwritten life insurance, supported by strong single-premium growth and stable persistency in the affluent segment.
All eyes are on the group’s pan-African joint venture with Allianz, to see whether it will mirror the achievements of Sanlam’s interests in India.
The merger of their African operations will create an insurance giant with a combined group equity value of about R35bn.