Sanlam Full Year 2023 Earnings: EPS: R5.63 (vs R5.44 in FY 2022)

Sanlam (JSE:SLM) Full Year 2023 Results

Key Financial Results

• Revenue: R199.0b (up 114% from FY 2022).
• Net income: R11.6b (up 4.0% from FY 2022).
• Profit margin: 5.8% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: R5.63 (up from R5.44 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sanlam Earnings Insights

Looking ahead, revenue is expected to fall by 35% p.a. on average during the next 3 years compared to a 24% decline forecast for the Insurance industry in South Africa.

Performance of the South African Insurance industry.

The company's shares are up 1.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Sanlam that you should be aware of.

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