Sanlam reports robust growth in key financial metrics

Sanlam Limited achieved a net result from financial services (NRFFS) of R8.1 bn, a 14% increase from 2024, with cash NRFFS also rising by 14% to R8.2 bn. Net operational earnings grew by 15% to R9.3 bn, driven by stronger investment returns on the shareholder capital portfolio. Despite this, headline earnings per share saw a slight decrease of 2% to 465 cents, while basic profit attributable to shareholders per share increased by 3% to 490 cents.

The group's new business volumes expanded by 7% to R218 bn, primarily fueled by increased investment management and general insurance inflows in South Africa. Net client cash flows more than doubled to R48.5 bn, with significant contributions from the South Africa investment management operations. However, life insurance net value of new business decreased by 18% to R1.139 bn due to corporate activities, although on a normalised basis, the decline was 3%.

Group equity value per share stood at R84.12 as of June 30, 2025, representing a 4% increase from the prior year. The Solvency cover for the Sanlam Group remained strong at 170%.