Sanlam Limited (LA6A) - Net Assets
Based on the latest financial reports, Sanlam Limited (LA6A) has net assets worth €109.43 Billion EUR as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.20 Trillion) and total liabilities (€1.09 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €109.43 Billion |
| % of Total Assets | 9.13% |
| Annual Growth Rate | 8.56% |
| 5-Year Change | 42.64% |
| 10-Year Change | 83.01% |
| Growth Volatility | 9.44 |
Sanlam Limited - Net Assets Trend (2013–2024)
This chart illustrates how Sanlam Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sanlam Limited (2013–2024)
The table below shows the annual net assets of Sanlam Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €110.16 Billion | +13.67% |
| 2023-12-31 | €96.91 Billion | +14.08% |
| 2022-12-31 | €84.94 Billion | +2.47% |
| 2021-12-31 | €82.90 Billion | +7.34% |
| 2020-12-31 | €77.22 Billion | -2.69% |
| 2019-12-31 | €79.36 Billion | -2.77% |
| 2018-12-31 | €81.62 Billion | +28.66% |
| 2017-12-31 | €63.44 Billion | +7.36% |
| 2016-12-31 | €59.09 Billion | -1.84% |
| 2015-12-31 | €60.19 Billion | +17.48% |
| 2014-12-31 | €51.23 Billion | +14.84% |
| 2013-12-31 | €44.62 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sanlam Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 117.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €77.78 Billion | 77.04% |
| Other Components | €23.18 Billion | 22.96% |
| Total Equity | €100.96 Billion | 100.00% |
Sanlam Limited Competitors by Market Cap
The table below lists competitors of Sanlam Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Itaúsa - Investimentos Itaú SA
SA:ITSA3
|
$11.09 Billion |
|
Absa Group Ltd
JSE:ABG
|
$11.09 Billion |
|
Gildan Activewear Inc.
NYSE:GIL
|
$11.09 Billion |
|
China Development Financial Holding Corp
TW:2883
|
$11.09 Billion |
|
Swiss Prime Site AG
SW:SPSN
|
$11.08 Billion |
|
Stanley Black & Decker Inc
NYSE:SWK
|
$11.08 Billion |
|
Carrefour SA
PA:CA
|
$11.07 Billion |
|
Far EasTone Telecommunications Co Ltd
TW:4904
|
$11.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sanlam Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 88,530,000,000 to 100,961,000,000, a change of 12,431,000,000 (14.0%).
- Net income of 22,240,000,000 contributed positively to equity growth.
- Share repurchases of 593,000,000 reduced equity.
- New share issuances of 1,516,000,000 increased equity.
- Other factors decreased equity by 10,732,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €22.24 Billion | +22.03% |
| Share Repurchases | €593.00 Million | -0.59% |
| Share Issuances | €1.52 Billion | +1.5% |
| Other Changes | €-10.73 Billion | -10.63% |
| Total Change | €- | 14.04% |
Book Value vs Market Value Analysis
This analysis compares Sanlam Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.09x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €28.55 | €4.58 | x |
| 2018-12-31 | €33.57 | €4.58 | x |
| 2019-12-31 | €32.53 | €4.58 | x |
| 2020-12-31 | €31.39 | €4.58 | x |
| 2021-12-31 | €33.85 | €4.58 | x |
| 2022-12-31 | €35.02 | €4.58 | x |
| 2023-12-31 | €42.96 | €4.58 | x |
| 2024-12-31 | €48.36 | €4.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sanlam Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.76%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 11.23x
- Recent ROE (22.03%) is above the historical average (16.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 19.85% | 7.54% | 0.19x | 13.70x | €4.03 Billion |
| 2014 | 18.96% | 9.11% | 0.16x | 13.28x | €4.13 Billion |
| 2015 | 17.51% | 10.75% | 0.13x | 12.58x | €4.03 Billion |
| 2016 | 18.02% | 11.09% | 0.13x | 12.60x | €4.28 Billion |
| 2017 | 19.02% | 9.69% | 0.15x | 12.78x | €5.18 Billion |
| 2018 | 16.73% | 15.55% | 0.09x | 11.73x | €4.68 Billion |
| 2019 | 10.62% | 4.85% | 0.16x | 13.37x | €418.30 Million |
| 2020 | 4.42% | 2.19% | 0.14x | 14.58x | €-3.61 Billion |
| 2021 | 13.65% | 4.71% | 0.19x | 15.22x | €2.54 Billion |
| 2022 | 16.58% | 10.56% | 0.11x | 14.07x | €4.71 Billion |
| 2023 | 16.35% | 7.28% | 0.20x | 11.19x | €5.62 Billion |
| 2024 | 22.03% | 9.76% | 0.20x | 11.23x | €12.14 Billion |
Industry Comparison
This section compares Sanlam Limited's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $6,643,345,132,710
- Average return on equity (ROE) among peers: 11.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sanlam Limited (LA6A) | €109.43 Billion | 19.85% | 9.96x | $11.08 Billion |
| China Pacific Insurance (Group) Co. Ltd (75C) | $183.32 Billion | 15.13% | 7.34x | $11.55 Billion |
| CHINA PAC.IN.GR.GDR/5 YC1 (75CB) | $334.22 Billion | 16.01% | 8.41x | $35.53 Billion |
| JACKSON FNCL CL.A DL-10 (8WF) | $10.33 Billion | 9.04% | 30.96x | $6.32 Billion |
| DISCOVERY LTD. RC -001 (D3H) | $54.45 Billion | 13.88% | 4.14x | $8.99 Billion |
| Discovery Limited (D3H) | $43.08 Billion | 15.35% | 3.18x | $8.70 Billion |
| China Taiping Insurance Holdings Company Limited (HIUC) | $67.00 Billion | 7.13% | 6.54x | $9.35 Billion |
| PANIN INSURANCE (OA9) | $58.72 Trillion | 1.40% | 2.73x | $166.71 Million |
| Prudential plc (PRU2) | $21.75 Billion | 14.84% | 29.69x | $29.96 Billion |
| Ping An Insurance (Group) Company of China Ltd (PZX) | $353.82 Billion | 11.10% | 10.32x | $58.25 Billion |
About Sanlam Limited
Sanlam Limited provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally. It offers life, disability, severe illness, income protection, funeral, credit life, health solutions, cancer coverage, and corporate insurance solutions. The company also provides financial planning services; retirement solutions, such… Read more