Performance highlights included:

• Net result from financial services (NRFFS) growth remained robust with satisfactory performance across all lines of business. NRFFS increased by 15% for the reporting period.
  
• Net operational earnings increased by 17%, benefiting from higher investment returns on the shareholder capital portfolio
  
• Life insurance new business volumes were 12% higher, with good sales growth recorded in all regions across the group’s portfolio
  
• Life insurance net value of new business increased by 13%, with the new business margin remaining robust at 2.81%
  
• General insurance new business trends were satisfactory with continued strong growth in Asia and good growth in South Africa
  
• The group continues to attract significant asset flows, with net client cash inflows more than doubling to R40 billion, improving across all lines of business
  
• The group remains well capitalised and within its solvency capital ratio target range
  
• Discretionary capital decreased from R3.8 billion on 30 June 2024 to R841 million on 30 September 2024, due to the R2.6 billion outflow regarding the acquisition of a 25% stake in Africa Rainbow Capital Financial Services Holdings and other minor activity
  
• In October 2024, the group received inflows to discretionary capital of R2.3 billion from the integration of its Namibia holdings into SanlamAllianz; and​ ​in November, R1.4 billion (net of tax) in respect of the Capitec reinsurance recapture fee
  

The Assupol Holdings Limited (Assupol) acquisition was finalised on 7 October 2024 and Sanlam is focused on integrating Assupol into the group’s operations. The group anticipates significant synergies to arise over time following from this integration.