S.African insurer Sanlam expects full-year profit to rise by up to 29%

  • Reuters
  • Stock Market News
S.African insurer Sanlam expects full-year profit to rise by up to 29%
Credit: © Reuters.

JOHANNESBURG, March 4 (Reuters) - South African insurer Sanlam Ltd SLMJ.J said on Thursday its profit for the year ended Dec. 31 could rise by up to 29% as some accounting changes that impacted the results in 2019 were absent in 2020.

Headline earnings per share (HEPS) - the main profit measure for South African companies - are expected to be between 430.5 cents and 466.7 cents for 2020, up from 361.8 cents a year earlier.

The insurer will announce its annual results on March 11.

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