Strong Sanlam operational performance cheered on JSE
By Dineo Faku
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SANLAM, South Africaâs biggest insurance company, closed stronger on the JSE as the market cheered the groupâs strong operational performance for the four months ended April compared to a year earlier.
Among the highlights for the period was the 20 percent increase in new business volumes up 81 percent in the Value of New Business, the more than doubling in net fund inflows, and the strong performance of the African General Insurance business.
Sanlam said the current rate of new business growth had received a boost from improved savings due to the Covid-19 pandemic shifting spending patterns.