+13,9%
+13%
R356bn
+14%
R2 764 million
+44%
2,87%
(2020: 2,58%)
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).
+24%
+17%
Net fund inflows of R61,4bn (+21%)
+55%
-2,8%
adjusted RoGEV of 2.6%
-13%
+17% excl Covid 19 impact
R311bn
+25%
R1 921mn
-16%
2,58%
2,98% in 2019
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.
+18% on 2020
7% lower than 2019
+20% on 2020
58% higher than 2019
+81% on 2020
41% higher than 2019 (margins of 2,82% higher than 2020 and 2019 margins)
R28 billion
more than double 2020
73% higher than 2019