Sanlam Results | Company pays out R22bn in mortality claims

JOHANNESBURG - South Africa’s largest insurance group, Sanlam paid out R22 billion in death claims to clients in 2021.The increase in claims indicates the devastating effect of the pandemic on the insurer.In another blow for the company, the group paid R3.2 billion in business interruption claims to businesses affected by the pandemic.

However, it has not been all doom and gloom for Sanlam, as its operations have rebound to pre-pandemic levels.

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Sanlam's empowerment credentials brought in record new business flow in 2021 | Fin24Sanlam's new business volumes exceeded R350 billion for the first time in 2021. The company actually sold 43% more than it did in 2019.
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