Sanlam Life Insurance has received an ‘A-‘ Financial Strength Rating (FSR) and an ‘a-‘ Long-Term Issuer Credit Rating (Long-Term ICR) from AM Best, with a stable outlook. The ratings reflect Sanlam’s robust operating performance, evidenced by a profit after tax of ZAR17.0 billion ($930 million) for the year-end of 2023, and a return-on-equity ratio of 17.4%. Sanlam maintains a strong balance sheet, supported by a risk-adjusted capitalisation assessed at the strongest level. The group’s strategic importance and integration within the greater Sanlam group further bolster its strong business profile across Africa.
