Sanlam reports strong growth in 2024.
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GUEST – Abigail Mukhuba – Sanlam CFO
Sanlam today reported strong growth in its 2024 annual results. Strong earnings growth, robust new business volumes and excellent investment returns underpin the increase in the Sanlam dividend declaration. The strong operational performance stemmed from continued support for the Group’s businesses by customers.
The group’s earnings growth, shareholder value creation and new business was driven by all its three growth pillars: South Africa, African economies beyond South Africa and India. Operational earnings per share increased by 26%, the group’s Return on Equity was 19.8% for 2024 (both of these figures excluding a one-off profit on closure of the Capitec relationship) and the dividend was increased by 11% to 445 cps.
Sanlam today reported strong growth in its 2024 annual results. Strong earnings growth, robust new business volumes and excellent investment returns underpin the increase in the Sanlam dividend declaration. The strong operational performance stemmed from continued support for the Group’s businesses by customers.
The group’s earnings growth, shareholder value creation and new business was driven by all its three growth pillars: South Africa, African economies beyond South Africa and India. Operational earnings per share increased by 26%, the group’s Return on Equity was 19.8% for 2024 (both of these figures excluding a one-off profit on closure of the Capitec relationship) and the dividend was increased by 11% to 445 cps.