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A summary of our financial year’s performance.

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%)


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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%
 


SENS announcement Press release Investor call recording

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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Four-month operational update

The Sanlam Group has continued to deliver on the resilient performance demonstrated in the 2020 financial year, achieving a satisfactory performance in the first four months of 2021, despite the impact of the second wave of the COVID-19 pandemic in South Africa during the period. The Group’s performance continues to demonstrate the strength of the underlying operations which is built on a foundation of a sound capital base, robust cash generation and a diversified growth profile. We made solid progress with the implementation of our strategy of building a fortress position in South Africa, accelerating growth outside of South Africa and strengthening our position where we operate outside of Africa.

Net result from financial services

+18% on 2020
7% lower than 2019

New business volumes

+20% on 2020
58% higher than 2019

Net value of new business (VNB)

+81% on 2020
41% higher than 2019 (margins of 2,82% higher than 2020 and 2019 margins)


Net fund inflows

R28 billion more than double 2020
73% higher than 2019


SENS announcement Press release Investor call recording