Sanlam keeps 2026 full-year earnings and dividend guidance unchanged amid volatility

• Sanlam kept its full-year 2026 earnings and dividend guidance, citing resilient client activity, strong capitalization, diversified earnings, and robust liquidity.
• Management flagged a volatile 2026 backdrop, with the outlook subject to uncertainty from economic conditions, market swings, and the risk of further adverse weather events.
• First-quarter comparable operating profit rose 8% on 29% organic growth in new business volumes, while net client cash inflows climbed 45% to R 38.6 billion.
• Earnings momentum is expected to improve as weather-related claims normalize, despite continued pressure from cloud migration, banking and rewards integration, and a forecast operational loss of about R 300 million in 2026 at the Santam 1918 Syndicate.
• Near-term growth is expected to be dampened by MUFG’s USD 4.2 billion capital injection into Shriram Finance, pending deployment of the new capital, while supporting stronger medium-term expansion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sanlam Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S521513), on May 21, 2026, and is solely responsible for the information contained therein.