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Read all about Entrepreneurs, business ventures and analysis on KhusokoThe insurer attributes this to increased underwriting and higher investment income with the group’s insurance subsidiaries anchoring the turnaround.Gross premium income increased by 11.1 percent to Ksh.7 billion with its short-term underwriting posting a 30 percent growth in the period.The total income grew by 50.8 percent to Ksh.8.9 billion with investment income rising to Ksh.2.4 billion as 2018 fair value losses turned a profit to return Ksh.422 million with the company further sieving out its impairment in financial assets to a Ksh.2.6 million positive gain.Total capital and reserves improved by 9% to Kshs.1.74 billion.However, it had to incur a cost of KSh53 million to compensate 23 staff that it fired through the Voluntary Early Retirement (VER) Program with the aim of cutting the company’s wage bill.Sanlam Kenya Chief financial Officer Kevin Mworia said: “The cost of the lay-offs was KSh53million after 23 staffers met the benchmark of the VER program where the decision was majorly informed by a restructuring of the business.”The business retains a positive outlook for the year 2020. 0000004516 00000 n
Sanlam today announced its operational results for the 12 months ended 31 December 2018. Companies. Sectors. �10�```��{Z�A��1���x@� �(I�endstreamendobj27 0 obj<>>>endobj28 0 obj
trailer<<9DED5D1D2EA2451D9E2B28F48384CC7E>]/Prev 2621414>>startxref0%%EOF 52 0 obj<>stream 0000003471 00000 n 0000007602 00000 n Sanlam 2018 Annual Results. Sanlam Kenya Posts Positive Annual Revenues of Ksh.114 Million for 2019 5 months ago Khusoko Sanlam Kenya Group CEO, Dr. Patrick Tumbo, Sanlam Kenya CFO, Kevin Mworia and Sanlam Board Member, Rohan Patel go through the Sanlam Kenya full-year financial results PHOTO: Sanla At the AGM, the directors of this company present an annual report containing information for shareholders about the company’s performance and strategy. Integrated report 2019; Webinar: 2019 Annual results presentation; Summary financial results (December 2019) Analyst presentation (June 2019) Interim report (June 2019) King IV application register; 2018. The leading insurer predicts a rise in claims for death, funeral, sickness and income protection in 2020, due to the Coronavirus pandemic. 0000002406 00000 n East Africa's Trusted and Authoritative Business Platform 0002578840 00000 n 0000022434 00000 n Sanlam Life & Pensions UK Limited Solvency and Financial Condition Report 2019 Sanlam Investment Holdings UK Limited Group Solvency and Financial Condition Report 2018 Sanlam Life & Pensions UK Limited Annual Report & Financial Statements for the year ending 31 December 2018.
Copyright © All rights reserved. By Petrie Marx, 28 July 2020. 0000009726 00000 n h�b```b``�������� ƀ b@16�Ls5M9 ��`*[g&��8���p�+��\�oB��n�I,5��x�ǹR�>Bs.��|:Ѹ|��+�j����2�� -��d��q(tt4�f��h@�Hp0��� �%�X���B�f���7���;0�a`_� ����d���� ������9_��Kk��,�=�D7�,�r`�[����X����aJC�r�� 0002548814 00000 n 7 March 2019. 0000011471 00000 n
0000002293 00000 n ANNUAL REPORT | 2019 Sanlam Collective Investments (RF) (Pty) Ltd. 5 Baobab Sanlam Collective Investments Flexible Fund Condensed Statement of Comprehensive Income (R’000) Income 1 251 Expenditure 1 320 Operating profit/(loss) for the year before finance costs -69 Distribution of income 1 582 Change in net assets attributable to unit holders -1 651 Condensed Statement of Financial … 0000008619 00000 n 0000001198 00000 n Sanlam Kenya Plc on AfricanFinancials.com; This annual general meeting (AGM) is a mandatory yearly gathering of the company’s interested shareholders. 0000014055 00000 n Call Centre: 0860 SANLAM / 0860 726526 General Enquiries: +27 (0)21 947 9111 Sanlam’s 2018 annual results provides testimony to its resilience amid challenging operating conditions and negative investment markets. Sanlam Pays Over R4 Billion in Claims in 2019. Latest in Business 26 0 obj<>endobj xref 0000009169 00000 n 0000012999 00000 n
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