Debt investors

Sanlam's credit rating

Standard & Poors (S&P) issued the following ratings for Group companies:

Sanlam Limited

• SA National Scale: zaA+

Sanlam Life Insurance Limited

• SA National Scale: zaAAA

Subordinated debt issued by Sanlam Life Insurance Limited

• SA National Scale: zaAA-

Sanlam Specialised Finance Proprietary Ltd

• SA National Scale: zaAAA

S&P Global ratings

• S&P Global Rating – 7 March 2025
• S&P Global Rating – 20 November 2024
• S&P Global Rating – 01 August 2024
• S&P Global Rating – 26 February 2024
• S&P Global Rating – 29 September 2023
• S&P Global Rating – 26 June 2023
• S&P Global Rating – 10 March 2023
• S&P Global Rating – 02 December 2022

AM Best issued the following ratings for Sanlam Life Insurance Limited

• Financial Strength Rating: A-
• Long-Term Issuer Credit Rating: a-

AM Best ratings

• AM Best Rating – 4 December 2024