Consensus estimates for 2023 and 2024

The tables were compiled by Sanlam and are based on input from South African sell-side analysts with current research coverage of Sanlam (SLMJ.J). A total of 6 analysts contributed. The information is based on the analysts’ forecasts as provided to Sanlam and published in their most recent research reports.


The tables indicate:

  1. Analysts' Consensus estimates (based on the mean and median analyst forecast)
  2. Analysts' Consensus estimates (high and low estimates)

VNB = Value of new life business
PVNBP = Present value of new business premiums

The consensus figures are not based on Sanlam’s own opinions, estimates or forecasts and are compiled and published without verification by Sanlam. The consensus figures do not necessarily reflect guidance provided from time to time by Sanlam, where given in relation to equivalent metrics, which to the extent available can be found on the Sanlam website.

By compiling and publishing the consensus figures on its website, Sanlam Limited (“Sanlam”) does not imply that it endorses, confirms or expresses a view on the consensus figures. The consensus figures are provided for informational purposes only and are not intended to, nor do they, constitute investment advice or any solicitation to buy, hold or sell securities or other financial instruments. No warranty or representation, either express or implied, is made by Sanlam or its affiliates, or their respective directors, officers and employees, in relation to the accuracy, completeness or achievability of the consensus figures and, to the fullest extent permitted by law, no responsibility or liability is accepted by any of those persons in respect of those matters. Sanlam assumes no obligation to update, revise or supplement the consensus figures to reflect circumstances existing after the date hereof.

Sanlam does not accept any liability whatsoever for reliance upon, or actions taken based on, any of the information set out in these consensus figures. The consensus figures are forward-looking and as such are speculative and rely on assumptions and events in the future (some or all of which may not be satisfied or may not occur). The consensus figures do not take into consideration the investment objectives, financial situation or particular needs of any particular investor. Before making an investment decision, a prospective investor should consider its particular investment needs, objectives and financial circumstances, and should seek appropriate professional advice, tailored to the investor's circumstances. Any investment in securities is subject to investment risks.