- Sanlam hikes dividend 11 to 522.3 million, reflecting strong earnings, disciplined cost management, and robust investment returns across its African and Indian markets.
- Net operational earnings per share jumped 26, while new business volumes hit R420 billion 23.12 billion, underscoring sustained demand and resilient performance.
- Sanlam strengthened key alliances, extending its Ubuntu-Botho partnership to 2034 and expanding ventures with Allianz, TymeBank, and Fedhealth to drive long-term growth.
Sanlam Limited, Africas leading insurer, led by one of South Africas most affluent executives, Paul Hanratty, is set to pay an interim dividend of 522.3 million to shareholders for its 2024 fiscal year. The payout reflects the Johannesburg-listed insurers focus on rewarding investors following strong business momentum across its key markets amid favorable investment returns and disciplined cost management.
The Africas largest non-banking financial services group increased its final dividend by 11 percent to R4.45 0.245 per share, totaling R9.43 billion 522.3 million. This reflects a three-year inflation-adjusted growth of 4.5 percent, aligning with its target of South Africas CPI plus 24 percent. Shareholders will receive the payout on April 15, 2025.
Sanlam powers ahead with strong growthSanlam raising its dividend by double-digit posted robust earnings growth in 2024 , fueled by solid investment returns, disciplined cost management, and sustained client demand across its key markets. Net operational earnings per share rose 26 percent, while new business volumes surged to R420 billion 23.12 billion, reflecting strength in South Africa, broader Africa, and India.
The group's Return on Equity ROE reached 19.8 percent, with equity value growth at 20.3 percent, underscoring the resilience of its diversified portfolio. Cash net result from financial services NRFFS climbed 17 percent per share, reinforcing strong cash generation and strategic capital deployment.
Customer focus and strategic partnerships continue to drive our performance, said CEO Paul Hanratty. Our investments in Africa, India, and South Africaalong with key alliances like SanlamAllianz and our extended partnership with Ubuntu-Bothoposition us for sustainable long-term growth.Additionally, Sanlam extended its 20-year partnership with Ubuntu-Botho by another decade to 2034, reinforcing a key strategic alliance.