News Formal

Earnings boost for South Africa’s largest insurer

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 61%

Business News News

Business Business Latest News,Business Business Headlines

Sanlam has seen growth in its financial services businesses, with the group’s headline earnings jumping by 40%.

Sanlam, the largest insurer in South Africa, has posted a robust operating performance for the six months ended 30 June 2024.

“The lower growth rate relative to NRFFS is due to lower investment return on shareholder capital of R1.2 billion , mainly attributable to foreign exchange movements.” “Total new business volumes were strong for the first six months of 2024, at R204 billion. Growth was“Life insurance new business volumes were strong across all regions. Net value of new covered business increased by 10%, with a net new business margin of 2,73%.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big Blue Label earnings boost — but there’s a catchThe effects of Cell C’s recapitalisation significantly impacted Blue Label Telecoms’ earnings.
Source: mybroadband - 🏆 11. / 67 Read more »