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Sanlam expects full-year profit to rise by up to 29%

The insurer will announce its annual results on March 11.
Image: Moneyweb

South African insurer Sanlam Ltd said on Thursday its profit for the year ended December 31 could rise by up to 29% as some accounting changes that impacted the results in 2019 were absent in 2020.

Headline earnings per share (HEPS) – the main profit measure for South African companies – are expected to be between 430.5 cents and 466.7 cents for 2020, up from 361.8 cents a year earlier.

The insurer will announce its annual results on March 11.

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