The insurer's new business volumes exceeded R350 billion for the first time.
The group's largest business, Sanlam Life and Savings, was the stellar performer in terms of the growth rate in new business and went up 40%. "We had extremely strong support for our investment businesses. Partly, we think it's because of the empowerment credentials in our asset management manager, but also because we have a really strong offering," said Sanlam CEO Paul Hanratty told Fin24.