Sanlam Ltd (SLM) - Net Assets

Latest as of June 2025: ZAC109.43 Billion ZAC ≈ $58.16 Million USD

Based on the latest financial reports, Sanlam Ltd (SLM) has net assets worth ZAC109.43 Billion ZAC (≈ $58.16 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC1.20 Trillion ≈ $637.29 Million USD) and total liabilities (ZAC1.09 Trillion ≈ $579.13 Million USD). 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. Check SLM cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets ZAC109.43 Billion
% of Total Assets 9.13%
Annual Growth Rate 7.54%
5-Year Change 42.64%
10-Year Change 83.01%
Growth Volatility 9.62

Sanlam Ltd - Net Assets Trend (2002–2024)

This chart illustrates how Sanlam Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Sanlam Ltd (SLM) total assets for the complete picture of this company's asset base.

Annual Net Assets for Sanlam Ltd (2002–2024)

The table below shows the annual net assets of Sanlam Ltd from 2002 to 2024. For live valuation and market cap data, see Sanlam Ltd stock valuation.

Year Net Assets Change
2024-12-31 ZAC110.16 Billion
≈ $58.54 Million		 +13.67%
2023-12-31 ZAC96.91 Billion
≈ $51.50 Million		 +14.08%
2022-12-31 ZAC84.94 Billion
≈ $45.14 Million		 +2.47%
2021-12-31 ZAC82.90 Billion
≈ $44.05 Million		 +7.34%
2020-12-31 ZAC77.22 Billion
≈ $41.04 Million		 -2.69%
2019-12-31 ZAC79.36 Billion
≈ $42.18 Million		 -2.77%
2018-12-31 ZAC81.62 Billion
≈ $43.38 Million		 +28.66%
2017-12-31 ZAC63.44 Billion
≈ $33.71 Million		 +7.36%
2016-12-31 ZAC59.09 Billion
≈ $31.40 Million		 -1.84%
2015-12-31 ZAC60.19 Billion
≈ $31.99 Million		 +17.48%
2014-12-31 ZAC51.23 Billion
≈ $27.23 Million		 +14.84%
2013-12-31 ZAC44.62 Billion
≈ $23.71 Million		 +11.85%
2012-12-31 ZAC39.89 Billion
≈ $21.20 Million		 +8.19%
2011-12-31 ZAC36.87 Billion
≈ $19.59 Million		 +7.22%
2010-12-31 ZAC34.39 Billion
≈ $18.27 Million		 +5.25%
2009-12-31 ZAC32.67 Billion
≈ $17.36 Million		 +8.02%
2008-12-31 ZAC30.25 Billion
≈ $16.07 Million		 -4.14%
2007-12-31 ZAC31.55 Billion
≈ $16.77 Million		 -4.54%
2006-12-31 ZAC33.05 Billion
≈ $17.57 Million		 +16.13%
2005-12-31 ZAC28.46 Billion
≈ $15.13 Million		 -6.49%
2004-12-31 ZAC30.44 Billion
≈ $16.18 Million		 +28.88%
2003-12-31 ZAC23.62 Billion
≈ $12.55 Million		 +6.03%
2002-12-31 ZAC22.27 Billion
≈ $11.84 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Sanlam Ltd'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 899.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ZAC77.78 Billion 77.04%
Common Stock ZAC21.00 Million 0.02%
Other Comprehensive Income ZAC12.53 Billion 12.41%
Other Components ZAC10.63 Billion 10.53%
Total Equity ZAC100.96 Billion 100.00%

Sanlam Ltd Competitors by Market Cap

The table below lists competitors of Sanlam Ltd ranked by their market capitalization.

Company Market Cap
Booz Allen Hamilton Holding
NYSE:BAH
 $9.50 Billion
Localiza Rent a Car S.A
SA:RENT3
 $9.50 Billion
ICICI Lombard General Insurance Company Limited
NSE:ICICIGI
 $9.50 Billion
Anhui Tongguan Copper Foil Group Co. Ltd.
SHE:301217
 $9.50 Billion
Skechers USA Inc
NYSE:SKX
 $9.49 Billion
Turkish Airlines
IS:THYAO
 $9.48 Billion
Hainan Airlines Co Ltd A
SHG:600221
 $9.47 Billion
UNITED UTILITIES GP ADR/2
F:UUEA
 $9.46 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sanlam Ltd'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.
  • Dividend payments of 9,624,000,000 reduced retained earnings.
  • Share repurchases of 593,000,000 reduced equity.
  • New share issuances of 1,516,000,000 increased equity.
  • Other comprehensive income increased equity by 572,000,000.
  • Other factors decreased equity by 1,680,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ZAC22.24 Billion +22.03%
Dividends Paid ZAC9.62 Billion -9.53%
Share Repurchases ZAC593.00 Million -0.59%
Share Issuances ZAC1.52 Billion +1.5%
Other Comprehensive Income ZAC572.00 Million +0.57%
Other Changes ZAC-1.68 Billion -1.66%
Total Change ZAC- 14.04%

Book Value vs Market Value Analysis

This analysis compares Sanlam Ltd'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: 178.88x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 1090.19x to 178.88x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 ZAC7.85 ZAC8557.00 x
2003-12-31 ZAC8.08 ZAC8557.00 x
2004-12-31 ZAC10.75 ZAC8557.00 x
2005-12-31 ZAC9.89 ZAC8557.00 x
2006-12-31 ZAC12.98 ZAC8557.00 x
2007-12-31 ZAC13.40 ZAC8557.00 x
2008-12-31 ZAC13.53 ZAC8557.00 x
2009-12-31 ZAC14.81 ZAC8557.00 x
2010-12-31 ZAC15.66 ZAC8557.00 x
2011-12-31 ZAC16.87 ZAC8557.00 x
2012-12-31 ZAC18.37 ZAC8557.00 x
2013-12-31 ZAC20.21 ZAC8557.00 x
2014-12-31 ZAC22.76 ZAC8557.00 x
2015-12-31 ZAC26.49 ZAC8557.00 x
2016-12-31 ZAC26.43 ZAC8557.00 x
2017-12-31 ZAC28.32 ZAC8557.00 x
2018-12-31 ZAC33.46 ZAC8557.00 x
2019-12-31 ZAC32.21 ZAC8557.00 x
2020-12-31 ZAC31.00 ZAC8557.00 x
2021-12-31 ZAC33.23 ZAC8557.00 x
2022-12-31 ZAC34.43 ZAC8557.00 x
2023-12-31 ZAC42.37 ZAC8557.00 x
2024-12-31 ZAC47.84 ZAC8557.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sanlam Ltd 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 (17.28%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 7.75% 398.01% 0.00x 8.89x ZAC-465.10 Million
2003 7.75% 3.44% 0.25x 9.04x ZAC-487.70 Million
2004 11.88% 20.43% 0.07x 8.25x ZAC518.80 Million
2005 48.33% 19.10% 0.23x 11.06x ZAC9.59 Billion
2006 27.80% 11.57% 0.21x 11.52x ZAC5.18 Billion
2007 21.75% 12.15% 0.15x 11.60x ZAC3.45 Billion
2008 10.62% 14.91% 0.06x 11.50x ZAC171.90 Million
2009 16.91% 8.37% 0.18x 11.14x ZAC2.08 Billion
2010 20.50% 9.68% 0.19x 11.37x ZAC3.34 Billion
2011 17.93% 11.17% 0.14x 11.30x ZAC2.68 Billion
2012 15.32% 6.37% 0.20x 12.01x ZAC1.96 Billion
2013 19.85% 7.97% 0.18x 13.70x ZAC4.03 Billion
2014 18.96% 9.47% 0.15x 13.28x ZAC4.13 Billion
2015 17.51% 11.00% 0.13x 12.58x ZAC4.03 Billion
2016 18.02% 11.09% 0.13x 12.60x ZAC4.28 Billion
2017 19.02% 9.57% 0.16x 12.78x ZAC5.18 Billion
2018 16.73% 14.93% 0.10x 11.73x ZAC4.68 Billion
2019 10.62% 4.84% 0.16x 13.37x ZAC418.30 Million
2020 1.11% 0.61% 0.12x 14.58x ZAC-5.75 Billion
2021 13.65% 4.95% 0.18x 15.22x ZAC2.54 Billion
2022 17.13% 11.16% 0.11x 14.07x ZAC5.10 Billion
2023 16.35% 7.02% 0.21x 11.19x ZAC5.62 Billion
2024 22.03% 9.76% 0.20x 11.23x ZAC12.14 Billion

Industry Comparison

This section compares Sanlam Ltd's net assets metrics with peer companies in the Insurance - Life industry.

Industry Context

  • Industry: Insurance - Life
  • Average net assets among peers: $5,362,000,000
  • Average return on equity (ROE) among peers: 20.01%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Sanlam Ltd (SLM) ZAC109.43 Billion 7.75% 9.96x $9.49 Billion
Discovery Holdings Ltd (DSY) $5.36 Billion 20.01% 0.61x $9.24 Billion

About Sanlam Ltd

JSE:SLM South Africa Insurance - Life
Market Cap
$9.49 Billion
ZAC17.86 Trillion ZAC
Market Cap Rank
#2318 Global
#15 in South Africa
Share Price
ZAC8557.00
Change (1 day)
+0.79%
52-Week Range
ZAC8297.00 - ZAC10689.00
All Time High
ZAC10689.00
Categories
Companies in South Africa Insurance - Life
About

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