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​2015 Annual Results

Global markets have been impacted by various domestic and international factors. These include fears of lower than expected global economic growth driven by a slowdown in the Chinese economy, significant declines in commodity prices, uncertainty around the US Federal Reserve’s interest rate trajectory and geo-political risks. These conditions, aggravated by a disproportionate reliance on commodities in many of the emerging market countries where we operate, impacted economic growth, currency exchange rates and investment market performance across most of our regions.

Highlights

"The 2015 financial year tested the resilience of the Group’s diversification strategy. The Group faced challenges in a number of areas that would have resulted in significant underperformance 12 years ago. The five-pillar strategy introduced in 2003, however, transformed the Group into a business diversified across business lines, geographies, market segments and products, with an exceptionally strong capital base and a multi-level management team with some of the best financial services expertise and experience available in the market. This enabled us to deliver a Return on Group Equity Value per share of 12.8% despite unsupportive local and global conditions, again outperforming our target for shareholder wealth creation".
Ian Kirk, Sanlam Group Chief Executive

6%

increase in Net Result from financial services per share

16%

growth in New Business volumes

12.8%

Return on Group Equity Value per share

Ian Kirk

Key Features

Earnings

  • Net result from financial services per share increased by 6%
  • Normalised headline earnings per share up 6%

Business Volumes

  • New Business volumes up 16% to R211 billion
  • Net value of new covered business down 15% to R1,4 billion
  • Net new covered business margin of 2,62%
  • Net fund inflows of R19 billion

Group Equity Value

  • Group Equity Value per share of 5 057 cents
  • Return on Group Equity Value per share of 12,8%

Capital Management

  • Discretionary capital of R2,3 billion at 31 December 2015
  • Sanlam Life Insurance Limited CAR cover of 5,8 times

Dividend

  • Normal dividend of 245 cents per share up 9%

 

Sanlam Life Insurance is a licensed financial service provider.
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