Sanlam half-year profits to more than double
Sanlam has been aggressive in beefing its presence in its domestic market and the rest of Africa
31 August 2023 - 21:08
Africa's biggest insurer Sanlam expects its profits to more than double in the six months ended June, partly benefiting from the low base effect set in the comparable period when a barrage of claims related KwaZulu-Natal hit its short-term insurance arm, Santam.
During the comparable period, its short-term insurance unit was also blighted by high levels of claims inflation, electrical power-surge and vehicle theft-related claims...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.