Sanlam Group: 2010 Interim Results

Earnings

  • Net result from financial services per share increased by 14%
  • Core earnings per share up 2%
  • Normalised headline earnings per share up 2%

Business volumes

  • Overall new business volumes stable
  • New life business volumes increased by 13%
  • Net value of new covered business up 16% to R283 million
  • Net new covered business margin of 2,32%, up from 2,23%
  • Net fund inflows of R6,6 billion

Group Equity Value

  • Group Equity Value per share of R24,79  
  • Annualised return on Group Equity Value per share of 9,1%

Capital management

  • Discretionary capital of R2,8 billion at 30 June 2010
  • Sanlam Life CAR cover of 2,9 times