Sanlam Limited (JSE:SLM)

Sanlam Balance Sheet

Financials in millions ZAR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	382,314	347,804	249,372	244,635	271,840	261,434
Investments in Equity & Preferred Securities	241,031	48,755	44,473	21,198	22,755	18,773
Other Investments	430,240	396,080	366,166	298,007	310,527	300,756
Total Investments	1,083,833	1,028,867	854,812	774,086	815,060	787,129
Cash & Equivalents	37,373	34,602	27,237	54,925	42,081	52,478
Reinsurance Recoverable	10,668	11,233	14,530	18,680	27,175	20,710
Other Receivables	39,684	27,760	30,446	24,664	35,577	31,084
Deferred Policy Acquisition Cost	2,776	2,768	2,822	3,150	3,225	3,374
Property, Plant & Equipment	3,903	3,997	3,739	2,812	5,793	5,958
Goodwill	6,457	6,703	6,906	5,001	16,431	16,703
Other Intangible Assets	4,021	4,366	3,331	945	746	788
Restricted Cash	-	-	-	626	4,847	3,435
Other Current Assets	3,797	7,764	48,183	111,635	97,371	12,039
Long-Term Deferred Tax Assets	976	1,409	1,619	1,630	3,154	2,843
Other Long-Term Assets	5,666	4,075	3,095	-	4,718	6,129
Total Assets	1,199,154	1,133,544	996,720	998,154	1,056,178	942,670
Accounts Payable	77,020	59,638	56,096	45,375	29,893	26,472
Accrued Expenses	-	92	402	690	996	589
Insurance & Annuity Liabilities	832,875	232,604	193,374	647,049	650,425	632,658
Unpaid Claims	-	16	16	16	41,532	34,915
Unearned Premiums	-	-	-	-	18,324	16,314
Reinsurance Payable	4,784	5,185	5,686	4,171	5,079	5,261
Current Portion of Long-Term Debt	-	8,636	5,941	5,627	3,605	4,177
Current Portion of Leases	-	516	378	341	506	474
Short-Term Debt	-	4	137	16	1,153	848
Current Income Taxes Payable	1,063	3,180	1,938	1,963	2,556	2,542
Long-Term Debt	17,806	11,133	8,995	9,027	11,511	9,660
Long-Term Leases	1,537	1,169	1,141	1,030	1,318	1,438
Long-Term Deferred Tax Liabilities	9,892	8,925	8,768	6,601	7,311	5,810
Other Current Liabilities	161	5,950	61,607	79,285	102,894	24,420
Other Long-Term Liabilities	144,584	686,340	555,336	98,004	95,576	99,326
Total Liabilities	1,089,722	1,023,389	899,815	899,196	973,282	865,446
Common Stock	21	21	22	22	22	22
Additional Paid-In Capital	12,505	12,505	13,011	12,762	12,762	12,762
Retained Earnings	78,570	77,779	71,148	69,708	53,756	50,632
Treasury Stock	-2,006	-1,872	-6,658	-2,888	-1,671	-1,633
Comprehensive Income & Other	10,921	12,528	11,007	4,973	4,510	2,929
Total Common Equity	100,011	100,961	88,530	84,577	69,379	64,712
Minority Interest	9,421	9,194	8,375	14,381	13,517	12,512
Shareholders' Equity	109,432	110,155	96,905	98,958	82,896	77,224
Total Liabilities & Equity	1,199,154	1,133,544	996,720	998,154	1,056,178	942,670
Filing Date Shares Outstanding	2,088	2,088	2,061	2,043	2,050	2,059
Total Common Shares Outstanding	2,088	2,088	2,061	2,043	2,050	2,059
Total Debt	19,343	21,458	16,592	16,041	18,093	16,597
Net Cash (Debt)	18,030	13,144	10,645	38,884	23,988	35,881
Net Cash Growth	170.03%	23.48%	-72.62%	62.10%	-33.15%	-4.74%
Net Cash Per Share	8.53	6.23	5.10	18.71	11.49	17.19
Book Value Per Share	47.90	48.36	42.96	41.40	33.85	31.43
Tangible Book Value	89,533	89,892	78,293	78,631	52,202	47,221
Tangible Book Value Per Share	42.88	43.06	38.00	38.49	25.47	22.93
Machinery	-	4,719	4,601	3,707	4,878	4,782

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.