Sanlam Ratios and Metrics

Market cap in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 13, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	215,701	179,025	156,958	99,852	122,582	121,323
Market Cap Growth	28.44%	14.06%	57.19%	-18.54%	1.04%	-29.69%
Enterprise Value	207,092	181,260	162,807	75,481	93,432	69,329
PE Ratio	11.07	8.05	10.84	8.15	12.94	168.97
PS Ratio	0.93	0.88	0.82	0.96	0.63	0.94
PB Ratio	1.97	1.63	1.62	1.01	1.48	1.57
P/FCF Ratio	13.46	12.54	-	6.19	24.87	74.20
P/OCF Ratio	12.83	11.85	-	5.97	22.23	51.15
EV/Sales Ratio	0.90	0.89	0.85	0.73	0.48	0.54
EV/EBITDA Ratio	1.57	1.79	1.71	4.23	2.96	6.62
EV/EBIT Ratio	1.59	1.80	1.73	4.40	3.06	7.20
EV/FCF Ratio	12.92	12.69	-	4.68	18.96	42.40
Debt / Equity Ratio	0.18	0.20	0.17	0.16	0.22	0.22
Debt / EBITDA Ratio	0.15	0.21	0.17	0.88	0.56	1.51
Debt / FCF Ratio	1.21	1.50	-	0.99	3.67	10.15
Net Debt / Equity Ratio	-0.16	-0.12	-0.11	-0.39	-0.29	-0.46
Net Debt / EBITDA Ratio	-0.14	-0.13	-0.11	-2.18	-0.76	-3.43
Net Debt / FCF Ratio	-1.12	-0.92	1.87	-2.41	-4.87	-21.95
Quick Ratio	1.26	3.49	1.85	1.85	1.11	1.78
Current Ratio	1.44	3.72	2.33	2.71	1.65	2.03
Asset Turnover	0.21	0.19	0.19	0.10	0.19	0.14
Return on Equity (ROE)	21.59%	20.87%	13.89%	13.15%	12.47%	1.79%
Return on Assets (ROA)	6.96%	5.90%	5.91%	1.04%	1.91%	0.65%
Return on Invested Capital (ROIC)	70.45%	60.05%	54.28%	12.33%	20.42%	2.75%
Earnings Yield	10.45%	12.42%	9.22%	12.28%	7.73%	0.59%
FCF Yield	7.43%	7.98%	-3.64%	16.17%	4.02%	1.35%
Dividend Yield	4.38%	5.41%	6.17%	8.85%	7.07%	6.76%
Payout Ratio	49.07%	43.27%	66.33%	68.93%	73.52%	1177.44%
Buyback Yield / Dilution	-0.24%	-1.02%	-0.55%	0.47%	-0.01%	0.10%
Total Shareholder Return	4.13%	4.39%	5.62%	9.32%	7.07%	6.86%

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