Reserve saves Sanlam’s bacon
Life insurer’s foresight in laying down R760m pandemic fund helps meet spike in claims
14 March 2021 - 00:30
When Sanlam reported its 2019 financial results a year ago it was one of the last of the old-style physical results presentations - and already the shadow of the Covid pandemic loomed.
Members of the audience were handed hand-sanitisers as they went into the Sanlam auditorium in Sandton. And the finance director revealed that the group just so happened to have a pandemic reserve in place, which it had set aside over a period of several years...
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.