Magazine date:
Mar 2022 Sanlam Life and Savings in 2020
- a turnover of 77.847 billion ZAR (5.312 billion USD), representing 25% of the Sanlam group [4]'s total income,
a net result of 4600 million ZAR (314 million USD), that is, 55% of the group's profits,- a workforce of 12 125 employees,
- 6 260 advisors.
Life insurance accounts for the main activity of this division with 43 517 million ZAR (2 969 million USD) of premiums, that is, 56% of the total income of 2020.
The life business with 4 287 million ZAR (293 million USD) accounts for 93% of SLS's net income.
Main indicators of Sanlam Life and Savings: 2016-2020
Figures in billions| 2016 | 2017 | 2018 | 2019 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ZAR | USD | ZAR | USD | ZAR | USD | ZAR | USD | ZAR | USD | |
| Turnover | 66.777 | 4.883 | 63.443 | 5.124 | 74.297 | 5.144 | 77 051 | 5.48 | 77.847 | 5.312 |
| Life insurance | 35.204 | 2.574 | 36.01 | 2.908 | 44.186 | 3.059 | 42.295 | 3.008 | 43.517 | 2.969 |
| Investment activity | 31.573 | 2.309 | 27.433 | 2.216 | 30.111 | 2.085 | 34.756 | 2.472 | 34.33 | 2.342 |
| Investment activity | 4.609 | 0.337 | 4.793 | 0.387 | 4.613 | 0.319 | 4.855 | 0.345 | 4.6 | 0.314 |
| Life insurance | 4.107 | 0.3 | 4.291 | 0.346 | 4.144 | 0.287 | 4.344 | 0.309 | 4.287 | 0.293 |
| Investment activity | 0.502 | 0.037 | 0.502 | 0.041 | 0.469 | 0.032 | 0.511 | 0.036 | 0.313 | 0.021 |
| Shareholder’s equity | 25.6 | 1.872 | 20.762 | 1.677 | 10.59 | 0.733 | 13.808 | 0.982 | 20.29 | 1.384 |
Exchange rate as at 31/12/2020 : 1 ZAR = 0.06823 USD ; 31/12/2019 : 1 ZAR = 0.07112 USD ; at 31/12/2018 : 1 ZAR = 0.06923 USD ; at 31/12/2017 : 1 ZAR = 0.08076 USD ; at 31/12/2016 : 1 ZAR = 0.07313 USD
Read also | Sanlam: clusters businesses [5]