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Skip Navigation Linksinterim-results-2015 2015 Interim Results

Skip Navigation LinksFinancial Results

​2015 Interim Results

Following the exceptional results achieved by the Group in its 2014 financial year, some headwinds contributed to a more subdued overall performance in the first half of 2015.

The strong investment market performance over a number of years as well as favourable claims experience in most life and general insurance businesses in the recent past set a high comparable base for growth in 2015. Notwithstanding, overall new business production proved particularly resilient with growth of 22%. Net result from financial services, however, increased by a more modest 5% as under performance in a few areas concealed an otherwise sound result.


Economic conditions in the first six months of the 2015 financial year were not conducive to growth in a number of countries where the Group operates. Despite these conditions, we were able to deliver a satisfactory operational performance. The medium to long term growth potential of all regions remains intact.


increase in net result from financial services per share


growth in new business volumes


annualised return on Group Equity Value per share

Ian Kirk

Key Features


  • Net result from financial services per share increased by 5%
  • Normalised headline earnings per share up 4%

Business Volumes

  • New business volumes up 22% to R100 billion
  • „Net value of new covered business up 5% to R655 million
  • Net new covered business margin of 2,66% (2,68% in 2014)
  • Net fund inflows of R7 billion

Group Equity Value

  • Group Equity Value per share of R47,53
  • Annualised return on Group Equity Value per share of 13%

Capital Management

  • „Unallocated discretionary capital of R2,5 billion at 30 June 2015
  • Sanlam Life Insurance Limited CAR cover of 4,8 times


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