|
|
|
Wed 30 Sep 2026
Close: 7 831c 
Day's move: -90c (-1.14%)
Volume: 6 097 782
Trades: 6 761
|
|
|
|
Result from insurance operations rose to R8.1 billion (R7.6 billion) while result from other operations increased to R13.2 billion (R6.1 billion). Net operating result went up to R19.5 billion (R13.2 billion). Profit for the period allocated to shareholders' equity improved to R13.2 billion (R10.2 billion). Furthermore, headline earnings per share was reported lower at 396 cents per share (465 cents per share).
Group outlook
Sanlam enters the second half of 2026 supported by sustained client activity, solid cash generation and positive underlying momentum in each of the underlying businesses. The group’s diversified earnings streams, strong balance sheet and robust solvency and liquidity position provide resilience and a firm foundation for continued execution of the group’s strategy for quality growth.
The group continues to see attractive long-term growth opportunities across its core markets. As guided at the 2025 annual results, full-year earnings growth in 2026 is expected to be below the group’s medium-term target, reflecting:
• deliberate investment in future growth platforms;
• initial start-up accounting losses in Santam Syndicate 1918;
• weaker shareholder investment returns, and
• weather-related claims.
Underlying business momentum and growth remains strong and the group expects to meet its full-year 2026 guidance, supported by continued execution, disciplined investment spend and an assumed normalisation of weather-related and large loss claims in the second half. This is expected to be partly offset by earnings headwinds in the South African health operations following the loss of a major client, and elevated health insurance claims in Malaysia.
Improved working capital and cash conversion are expected to support dividend capacity and offset the impact of weaker earnings, leaving the group's dividend outlook unchanged and in line with medium-term target.
Despite the positive outlook for the operating environment and the business, management remains mindful of external uncertainties, including macro-economic conditions, market risk, adverse weather and other factors beyond the group’s control.
|
| |
| Click here for Results In Brief |
| |
| Click here for Results Analysis |
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
|
|
