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A summary of our financial year’s performance.

Four-month operational update

The Sanlam Group recorded a resilient performance for the first four months of 2022, in which we saw global supply chains disrupted, global financial markets decline in the face of the Russian invasion of Ukraine, inflation surge globally and KwaZulu-Natal experience catastrophic flooding. The Group posted creditable earnings, with strong results in the life insurance and investment management businesses offsetting weak general insurance and credit results.

Net result from financial services

-7% on 2021
+8% on 2021 excluding one-off items

New business volumes

+8% on 2021 Life Insurance business excluding UK business sold
-8% on 2021 Investment business
+4% on 2021 General Insurance business

Net value of new business (VNB)

-16% on 2021
-8% on 2021 on a constant economic basis


Group net client cash inflows

R26,7 billion
-5% on 2021


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2021 Annual results

Return on Group Equity Value per share

+13,9%

Net results from financial services

+13%

New business volumes

R356bn
+14%


Net value of new covered business (VNB)

R2 764 million
+44%

Net VNB margin

2,87%
(2020: 2,58%)


View results summary

10-month operational update

Sanlam reported a strong operational performance for the 10-month period to 31 October 2021 in the context of the continuing challenging operating environment. New business volumes increased by 17% on the first 10 months of the 2020 financial year. Life insurance volumes increased by 37%, investment volumes increased by 15% and general insurance volumes were up by 3%. Net result from financial services increased by 24% on the first 10 months of the 2020 financial year. Net value of new business increased by 55% with a new business margin of 2,65% (2,74% on a constant economic basis).

Net result from financial services

+24%
 

New business volumes

+17%
Net fund inflows of R61,4bn (+21%)

Net value of new covered business (VNB)

+55%
 


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2021 Interim results

Return on group equity value per share

-2,8%
adjusted RoGEV of 2.6%

Net result from financial services

-13%
+17% excl Covid 19 impact

New business volumes

R311bn
+25%


Net value of new covered business (VNB)

R1 921mn
-16%

Net VNB margin

2,58%
2,98% in 2019


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