Sanlam announced its results for the year ended December 2022, with CEO Paul Hanratty expressing satisfaction with the group’s overall performance, during a year of “extreme turbulence”. Sanlam delivered an 8% increase in its net results from financial services, though life insurance new business volumes slid 10% and the value of new covered business fell 14%. The Group’s general insurance net result from financial services declined by 32%, impacted by high claims, extreme weather events and investment market volatility.
