Sanlam Limited is a financial services group offering insurance, investment, retirement, and credit solutions across Africa and internationally. Its operations include life and savings insurance, general insurance through Santam, and asset management.
Sector: Insurance
ZA_SLM
Shares: connector/market_inputs
Monetary columns are in B ZAR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | GWPB ZAR | Net profitB ZAR | AssetsB ZAR | EquityB ZAR | ROE (annualized) | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | H1 2026 (6M) | PARTIAL | 100.3 y/y -11.8% | 13.2 y/y 29.1% | 1261.0 y/y 5.2% | 113.6 y/y 3.8% | 24.5% | Report (PDF) |
| 2025-12-31 | H2 2025 (6M) | OK | 165.6 y/y 16.0% | 5.7 y/y -53.6% | 1295.7 y/y 14.3% | 101.7 y/y 0.7% | 15.1% | Report (PDF) |
| 2025-06-30 | H1 2025 (6M) | OK | 113.7 y/y 30.7% | 10.2 y/y 3.0% | 1199.2 y/y 17.1% | 109.4 y/y 12.1% | 19.4% | Report (PDF) |
| 2024-12-31 | H2 2024 (6M) | OK | 142.8 y/y 43.1% | 12.3 y/y 87.6% | 1133.5 y/y 13.7% | 101.0 y/y 14.0% | 22.4% | Link |
| 2024-06-30 | H1 2024 (6M) | OK | 87.0 y/y -12.1% | 9.9 y/y 25.5% | 1024.2 y/y -2.2% | 97.6 y/y -3.2% | 21.3% | Link |
| 2023-12-31 | H2 2023 (6M) | OK | 99.8 y/y — | 6.6 y/y — | 996.7 y/y — | 88.5 y/y — | 15.3% | Link |
| 2023-06-30 | H1 2023 (6M) | OK | 98.9 y/y — | 7.9 y/y — | 1047.3 y/y — | 100.9 y/y — | — | Link |
Our earnings breakdowns and investment notes on this issuer.
Group: financials (South Africa). Every peer trades on the same market, so no adjustment is needed.
| Company | Market | Cap, $bn | P/E |
|---|---|---|---|
| Absa Group | South Africa | 10.5 | 7.5x |
| Standard Bank Group | South Africa | 28.5 | 9.3x |
| FirstRand | South Africa | 30.0 | 14.0x |
| Nedbank Group | South Africa | 7.8 | 14.8x |
| Capitec Bank | South Africa | 30.3 | 30.1x |
| Group median | 14.0x | ||
| Group average | 15.1x | ||
| This company | South Africa | 9.8 | 8.6x |
Group median 14.0x; this company 8.6x — a 39% discount.
Group average 15.1x; against the average this company is at a 43% discount.
At the adjusted group median the market cap would be +63% versus today.
The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 29.3x, Russia 5.8x, South Africa 10.7x, Kazakhstan 9.4x, India 27.4x, Indonesia 7.6x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-04; the company's own is live.
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-04-08 | 485 ZAR | Ex-dividend: 485 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2025-04-02 | 445 ZAR | Ex-dividend: 445 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2024-04-03 | 400 ZAR | Ex-dividend: 400 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2023-04-04 | 360 ZAR | Ex-dividend: 360 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2022-04-06 | 334 ZAR | Ex-dividend: 334 ZAR per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Investor reporting (IR): https://www.sanlam.com/investorrelations/
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B), profitability and dividend yield of Sanlam (SLM) — from primary filings.
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