Sanlam makes historic revenue gains
This is in spite of challenging conditions.
New Business volumes increased by 16 percent and exceeded R200 billion for the first time while net fund inflows of R19 billion were attained.
Sanlam Group Chief Executive Officer, Ian Kirk, expressed satisfaction.
“We are satisfied that the Group has sustained delivery despite challenging market conditions. Our diversification strategy has once again stood us in good stead in the face of challenging conditions in our key operating environments. Our management and our people, who remain committed to clients and stakeholders, continued to play a key role in the success of this strategy and our resilience” he said.
He was upbeat of the company’s prospects despite prevailing challenges.
“While we expect the challenging economic climate to persist in 2016, we continue to place a high premium on strategy execution and we believe we have the people and the expertise to support us to deliver value for our shareholders and other stakeholders,” Kirk concluded.
Sanlam is a leading financial services group listed on the Johannesburg and Namibian Stock Exchanges. Established in 1918 as a life insurance company, the South Africa-based Sanlam Group has transformed into a diversified financial services business.
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