9 MARCH 2023
The Group performed exceptionally well in 2022, against a difficult backdrop of significant volatility in global equity, credit and interest rate markets, surging inflation and catastrophic flooding in KwaZulu-Natal, South Africa. Our performance is testimony to Sanlam’s resilience, and the quality, scale and diversity 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 shareholders.
2022 ANNUAL RESULTS
Adjusted Return on Group Equity Value
Net results from financial services
Life insurance new business volumes
-5% on a comparative basis
Net value of new covered business (VNB)
R2 731 million on a constant economic basis
Net VNB margin
3,06% on a constant economic basis
Sanlam today reported excellent results for the year ended 31 December 2022 amid a challenging operating environment.
Diverse and complex events characterised the year including significant investment market volatility, the far-reaching impacts of the Russia-Ukraine conflict, surging inflation and energy prices, supply chain disruptions, catastrophic flooding in KwaZulu-Natal, South Africa, and hardship for consumers.
The Group’s financial strength, prudent financial management, diversity and strong competitive positioning across all key product lines and market segments enabled Sanlam to deliver value to clients and shareholders over the period.
Group Equity value
Dividend and capital