BRIEF-Sanlam Ltd Posts FY Basic HEPS Of 448.5 Cents

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BRIEF-Sanlam Ltd Posts FY Basic HEPS Of 448.5 Cents
Credit: © Reuters.

March 11 (Reuters) - Sanlam Ltd SLMJ.J :

* JSE: SLM - SANLAM LIMITED AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020

* SANLAM - FY NET RESULT FROM FINANCIAL SERVICES DECREASED BY 13%

* SANLAM - FY NEW BUSINESS VOLUMES EXCEEDED R300 BILLION FOR FIRST TIME, UP 25% TO R311 BILLION

* SANLAM - FY NET OPERATIONAL EARNINGS DECREASED BY 23%

* SANLAM - FINAL GROSS CASH DIVIDEND OF 300 CENTS PER SHARE WAS DECLARED FOR YEAR ENDED 31 DECEMBER 2020

* SANLAM - FY NET FUND INFLOWS OF R62 BILLION COMPARED TO R57 BILLION IN 2019

* SANLAM - FY NET VALUE OF NEW COVERED BUSINESS DECREASED BY 16% TO R1 921 BILLION

* SANLAM - FY NET FUND INFLOWS OF R62 BILLION COMPARED TO R57 BILLION IN 2019

* SANLAM - FY NET NEW COVERED BUSINESS MARGIN OF 2,58% (2,98% IN 2019)

* SANLAM - FY BASIC HEADLINE EARNINGS PER SHARE 448.5 CENTS

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