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Sanlam is a leading South African financial services group of businesses focused on building, preserving and growing wealth for its clients. An excellent performance in the first half of the year continued into the second, resulting in strong financial results for the year ended 31 December 2006.
Earnings
- Headline earnings per share up 33%
- Core earnings per share up 17%
- Dividend per share of 77 cents, increase of 18%
Business volumes
- Total new business volumes up 30% to R80,6 billion
- Net fund inflows of R14, 1 billion (before PIC withdrawal)
- Sanlam Investments assets under management up 24% to R406 billion
Embedded Value
- Embedded value per share of 2 047 cents
- Return on embedded value per share of 31%
- Value of new life insurance business of R434 million; up 49%
- Life new business margin of 2,1%
Capital management
- 4,3% of issued shares bought back during the year for R1, 6 billion
- Subordinated debt issue of R2 billion in August 2006
2006 Annual results
2005 Annual results
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