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BRIEF-Sanlam says HY new business volumes down 4 pct

Published 2017/09/07, 07:10
Updated 2017/09/07, 07:20
BRIEF-Sanlam says HY new business volumes down 4 pct
SLMJ
2.29%

Sept 7 (Reuters) - Sanlam Ltd SLMJ.J :

* HY GROUP EQUITY VALUE PER SHARE OF R54.69

* HY RETURN ON GROUP EQUITY VALUE PER SHARE OF 6.1% FOR SIX-MONTH PERIOD

* HY NET FUND INFLOWS OF R19 BILLION COMPARED TO R22 BILLION IN 2016

* HY NEW BUSINESS VOLUMES DECLINED BY 4% TO R110 BILLION (DOWN 2% IN CONSTANT CURRENCY)

* HY NET VALUE OF NEW COVERED BUSINESS UP 11% TO R782 MILLION (UP 17% IN CONSTANT CURRENCY)

* SANLAM GROUP SAM COVER RATIO OF 2.1 TIMES; SANLAM LIFE INSURANCE LIMITED SAM COVER RATIO OF 3 TIMES

* HY DILUTED HEADLINE EARNINGS PER SHARE AT 225,3 CENTS VERSUS 277,2 CENTS YEAR AGO

* DISPOSAL OF GROUP'S STAKES IN ENTERPRISE GROUP IN GHANA WILL ALSO IMPACT ON FULL-YEAR GROWTH FOR 2017 AND 2018

* PROSPECTS FOR SOUTH AFRICA WILL REMAIN MUTED FOR REMAINDER OF 2017 AND 2018

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