12 March 2020
Looking back on the past year we can again be proud of the Group’s accomplishments amid major political and economic headwinds, particularly in South Africa.
Our performance is testimony to Sanlam’s resilience and the quality and scale of our business. Also central to our success is the calibre and commitment of our employees and their ability to execute and deliver value for our stakeholders.
Adjusted RoGEV of 11,9%
2,67% in 2018
Economic conditions in a number of the markets where we operate were not conducive to growth. The South African rand experienced significant volatility throughout 2018 and 2019. The Group’s translated rand operating earnings and new business metrics benefited from the weaker average exchange rates. RoGEV was, however, negatively affected by the absolute appreciation year-on-year.
The Group’s strategic intent of creating sustainable value for all key stakeholders remains firmly in place, pursued through a strategy focused on four pillars. We continue to execute on all our strategic pillars, underpinned by our federal operating model and diversified profile that support a dual focus on growing our existing operations while concluding transactions to drive future growth.
Highlights for the year include