
Sanlam share dips after results despite strong operating growth
Sanlam reported record new business volumes and strong client inflows in 2025, but several weaker headline indicators drew investor attention following the results release.

Sanlam reported record new business volumes and strong client inflows in 2025, but several weaker headline indicators drew investor attention following the results release.

Currency movements, bond market distortions, reinsurance losses, and strategic investment spending combined to weigh on Sanlam’s reported results.

The group recorded double-digit earnings, robust new business volumes, and an increased dividend, all underpinned by its tri-regional focus.

Sanlam and Ninety One share key agreements, marking the next step in their strategic partnership.

Ninety One will acquire Sanlam Investment Management and oversee investment management for Sanlam Investments UK.

The group’s new business volumes in life insurance grew by 12%, while net operational earnings rose by 17%.

All eyes are on the group’s pan-African joint venture with Allianz, to see whether it will mirror the achievements of Sanlam’s interests in India.