Sanlam Limited (JSE:SLM)
South Africa flag South Africa · Delayed Price · Currency is ZAR · Price in ZAc
8,390.00
-85.00 (-1.00%)
Mar 31, 2025, 2:45 PM SAST

Sanlam Income Statement

Millions ZAR. Fiscal year is Jan - Dec.
Fiscal Year
FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 2019 - 2015
Period Ending
Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2019 - 2015
Premiums & Annuity Revenue
93,47587,84080,44176,61876,851
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Total Interest & Dividend Income
33,78326,44925,64128,70142,880
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Gain (Loss) on Sale of Investments
---31621-2,273
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Non-Insurance Activities Revenue
----8,429
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Other Revenue
76,91476,604-2,31088,3232,929
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Total Revenue
204,172190,893103,741194,263129,443
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Revenue Growth (YoY)
6.96%84.01%-46.60%50.08%-17.92%
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Policy Benefits
80,54078,08070,958128,88375,896
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Policy Acquisition & Underwriting Costs
1,2011,0631,37310,79014,319
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Amortization of Goodwill & Intangibles
5322571524701,323
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Selling, General & Administrative
21,30717,23212,60523,32227,376
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Provision for Bad Debts
7---397
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Other Operating Expenses
56-201,485245506
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Total Operating Expenses
103,64396,61286,573163,710119,817
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Operating Income
100,52994,28117,16830,5539,626
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Interest Expense
-1,609-1,518-1,126-963-1,051
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Earnings From Equity Investments
5,6172,9252,4681,7272,568
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Other Non Operating Income (Expenses)
-73,675-74,940-3,041-15,5881,116
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EBT Excluding Unusual Items
30,86220,74815,46915,72912,259
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Merger & Restructuring Charges
---22-
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Impairment of Goodwill
-1,149--6-390-5,033
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Asset Writedown
-200-66-39-23-1,322
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Other Unusual Items
-----697
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Pretax Income
29,51320,68215,42415,3385,207
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Income Tax Expense
7,9097,0793,4645,3523,805
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Earnings From Continuing Ops.
21,60413,60311,9609,9861,402
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Earnings From Discontinued Ops.
3,2403,3941,030447-
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Net Income to Company
24,84416,99712,99010,4331,402
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Minority Interest in Earnings
-2,604-2,519-733-960-684
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Net Income
22,24014,47812,2579,473718
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Net Income to Common
22,24014,47812,2579,473718
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Net Income Growth
53.61%18.12%29.39%1219.36%-89.96%
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Shares Outstanding (Basic)
2,0832,0612,0492,0622,062
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Shares Outstanding (Diluted)
2,1112,0892,0782,0882,088
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Shares Change (YoY)
1.02%0.55%-0.47%--0.10%
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EPS (Basic)
10.687.035.984.590.35
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EPS (Diluted)
10.616.885.904.540.34
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EPS Growth
54.09%16.68%30.01%1218.92%-89.94%
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Free Cash Flow
14,282-5,70816,1434,9291,635
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Free Cash Flow Per Share
6.77-2.737.772.360.78
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Dividend Per Share
4.4504.0003.6003.3403.000
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Dividend Growth
11.25%11.11%7.78%11.33%-10.18%
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Operating Margin
49.24%49.39%16.55%15.73%7.44%
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Profit Margin
10.89%7.58%11.82%4.88%0.56%
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Free Cash Flow Margin
7.00%-2.99%15.56%2.54%1.26%
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EBITDA
101,49895,07117,84231,56010,472
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EBITDA Margin
49.71%49.80%17.20%16.25%8.09%
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D&A For EBITDA
9697906741,007846
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EBIT
100,52994,28117,16830,5539,626
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EBIT Margin
49.24%49.39%16.55%15.73%7.44%
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Effective Tax Rate
26.80%34.23%22.46%34.89%73.08%
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Updated Mar 6, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.