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

Q1 2024 Sanlam Ltd Operations Update Call Transcript

May 16, 2024 / 03:00PM GMT
Release Date Price: R73.23 (+1.64%)
Operator

Good afternoon, ladies and gentlemen. Welcome to the Sanlam Group First Quarter Operational Update. (Operator Instructions) Please not that this call is being recorded. I would now like to turn the conference over to Group Chief Executive Officer, Paul Hanratty. Please go ahead, sir.

Paul Brendan Hanratty
Sanlam Limited - Group CEO & Executive Director

Thank you very much, and good afternoon, ladies and gentlemen, and thank you very much for joining us on this call. I'm joined today by our Group Finance Director, Abigail Mukhuba, Chief Risk Officer and Chief Actuary, Lotz Mahlangeni; and the Head of Investor Relations, Grant Davids.

Earlier this afternoon, we released our first quarter of 2024 operational update. I'll give you a few comments on the strategic and operational progress before we open up to questions and answers.

From a strategic perspective, we're pleased that our offer to acquire Assupol was accepted by Assupol shareholders. We expect this transaction to complete in the second half of the year. This is an important

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