Sanlam Ltd (JSE:SLM)
R 86.59 -0.39 (-0.45%) Market Cap: 178.43 Bil Enterprise Value: 165.71 Bil PE Ratio: 11.08 PB Ratio: 2.01 GF Score: 83/100

Q4 2019 Sanlam Ltd Operational Update Call For the Four Months ended 30 April 2019 Transcript

Jun 05, 2019 / 03:00PM GMT
Release Date Price: R75.19 (+0.66%)
Operator

Good day, ladies and gentlemen, and welcome to the Sanlam 4-Month Operational Update. (Operator Instructions) Please also note that this call is being recorded.

I would now like to turn the conference over to the CEO, Mr. Ian Kirk. Please go ahead, sir.

Ian Maxwell Kirk
Sanlam Limited - Group CEO & Executive Director

Thank you, Chris. Good afternoon, ladies and gentlemen, and thank you for joining us in the conference call. I'm joined on the call by my finance and actuarial colleagues, Heinie Werth, Anton Gildenhuys, Wikus Olivier and Patrick Hartnic, all are well known to you. Dealing first with overview of the results. We released details of the results of the 4-month period earlier this afternoon. I'd like to make a couple of comments before we proceed to questions.

From a strategic perspective, we are pleased with the progress we have made in the first 4 months. We concluded the 5% share issue to the new Broad-Based BEE entity as approved by our shareholders at the end of 2018. We are now the foremost empowered insurance and

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