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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.

Highlights

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.

5%

increase in net result from financial services per share

22%

growth in new business volumes

13%

annualised return on Group Equity Value per share

Ian Kirk

Key Features

Earnings

  • 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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