Looking at the specifics of these deals, the group is selling 60% of NMS Insurance Limited from Sanlam Life for R925 million. Sanlam Life had just bought the NMS Insurance Limited business from Multichoice. <\/p>\n\n\n\n
The group also saw international insurance giant Allianz acquire 8.59% in SanlamAllianz for an initial cash consideration of R4.5 billion. <\/p>\n\n\n\n
This resulted in a final shareholding split in SanlamAllianz of 51% Sanlam and 49% Allianz. <\/p>\n\n\n\n
In India, Sanlam also completed its subscription for additional shares in Shriram Wealth, increasing its economic shareholding from 26% to 49,7%.<\/p>\n\n\n\n
The group also received all the required approvals to increase its effective economic shareholding in Shriram Asset Management Company from 16.3% to 35.5%. <\/p>\n\n\n\n
The deals in India required a combined capital outlay of R700 million, which was funded from discretionary capital. <\/p>\n\n\n\n
Moreover, the group is also looking to transfer its active management business to South Africa\u2019s largest asset manager, Ninety One. <\/p>\n\n\n\n
In June, the UK Component of the Ninety One transaction was completed, with Sanlam Investments UK Limited\u2019s active asset management business transferred to Ninety One UK Limited. <\/p>\n\n\n\n
The South African leg of the transaction is anticipated to be completed this year.<\/p>\n\n\n\n
Events post the reporting period included Santam receiving approval by the Lloyd\u2019s Council to launch a Santam syndicate, allowing the short-term insurer access to the UK insurance and reinsurance markets. <\/p>\n\n\n\n
The move aims to improve Santam\u2019s international growth and diversification ambition.<\/p>\n\n\n\n
Moreover, the Competition Tribunal unconditionally approved the credit joint venture between Sanlam Personal Loans and Tymebank.<\/p>\n\n\n\n
The move, which will require approval from the Prudential Authority, will see the parties partner to offer unsecured personal loans. <\/p>\n\n\n\n
Sanlam and TymeBank Limited have entered into an agreement, which will result in the establishment of a joint venture (JVCo) focused on unsecured personal loans with an embedded credit life offering.<\/p>\n\n\n\n
The group noted that its discretionary capital on 30 June 2025 was R9.2 billion, roughly R5 billion of which is ring-fenced for Shriram insurance transactions, which remain subject to regulatory approvals. <\/p>\n\n\n\n
The group noted that it is making progress on integrating life insurer Assupol, which it recently acquired for R6.5 billion. <\/p>\n\n\n\n
\u201cSanlam has progressed well in consolidating the Assupol advisor force into the Sanlam advisor force as well as consolidating support functions,\u201d it said. <\/p>\n\n\n\n
\u201cKey performance trends for Assupol continue to improve, with increasing agent productivity and new business volumes, improvements in persistency, as well as realisation of early expense synergies.\u201d <\/p>\n\n\n\n
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