Sanlam stock | 2026 trend & analyst price target

Sanlam

JSE:SLM

R 88,94

R-1,38 (-1,53%)

88,94 R

R-1,38 (-1,53%)

End-of-day quote: 03/27/2026

Sanlam Stock Value

Analysts currently give Sanlam a rating of Outperform.

Outperform

Sanlam Company Info

EPS Growth 5Y

21,60%

Market Cap

R185,86 B

Long-Term Debt

R18,58 B

Quarterly earnings

06/09/2026 (E)

Dividend

R4,78

Dividend Yield

5,37%

Founded

1918

Industry

Financials

Country

South Africa

Website

Sanlam

ISIN Number

ZAE000070660

Website

http://www.sanlam.co.za

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

R110,50

24.24%

Last Update: 03/29/2026

Analysts: 8

Highest Price Target R125,00

Average Price Target R110,50

Lowest Price Target R86,70

In the last five quarters, Sanlam’s Price Target has risen from R75,26 to R92,29 - a 22,63% increase. Three analysts predict that Sanlam’s share price will increase in the coming year, reaching R110,50. This would represent an increase of 24,24%.

Top growth stocks in the financials sector (5Y.)

What does Sanlam do?

Sanlam Limited a financial services company that provides a range of insurance, investment, and financial solutions to individual, business, and institutional clients. Business Segments The company operates through Sanlam Life and Savings, Sanlam Emerging Markets, Sanlam Investment Group, and Santam segments. Sanlam Life and Savings This segment serves a wide spectrum of customers, categorized into three main units: SA Retail Affluent: This segment delivers life insurance products and inves...

Sanlam Limited a financial services company that provides a range of insurance, investment, and financial solutions to individual, business, and institutional clients.

Business Segments

The company operates through Sanlam Life and Savings, Sanlam Emerging Markets, Sanlam Investment Group, and Santam segments.

Sanlam Life and Savings

This segment serves a wide spectrum of customers, categorized into three main units:

SA Retail Affluent: This segment delivers life insurance products and investment solutions tailored for middle to upper-income markets. Solutions are designed to address the complex financial needs of individuals and families within this income bracket.

SA Retail Mass: Targeting the entry-level market, this segment offers affordable life insurance and investment products designed to enhance financial security for lower-income individuals.

Sanlam Corporate: This segment provides comprehensive employee benefits services, including group risk and various retirement fund investment services catered to corporates and retirement funds.

Sanlam Emerging Markets

This segment encompasses all businesses outside of South Africa, excluding the subsidiary in the United Kingdom and smaller operations in Australia. This segment focuses on expanding the company's footprint in fast-growing markets and enhancing service offerings in the emerging market space.

Sanlam Investment Group

This segment incorporates investment and wealth management businesses. It focuses on delivering investment strategies and asset management services to individual and institutional clients, helping them achieve specific financial needs.

Santam

This segment is the general insurance provider that serves both personal and commercial insurance markets in South Africa. This segment offers an extensive range of products, addressing the dynamic insurance needs of individuals and businesses.

Business Strategy

The business strategy of the company is centered around growth, innovation, and sustainability within the multi-faceted financial services sector. The company seeks to leverage its broad range of products and services to enhance customer engagement and satisfaction while driving profitability. Sanlam’s strategic approach includes:

Focusing on developing innovative products tailored to meet the evolving needs of customers. This involves leveraging the latest technologies to streamline services and develop new financial solutions.

Strengthening its presence in emerging markets by tapping into growth opportunities and diversifying its market reach. The company seeks to capture market share in regions showing potential for financial growth and investment opportunities.

Enhancing operational efficiencies and reducing costs through digital transformation and optimizing business processes. This is seen as crucial for maintaining competitiveness and delivering value to customers.

Maintaining a commitment to sound governance and corporate social responsibility. The company recognizes the importance of ethical conduct and sustainability in building brand trust and long-term success.

Actively pursuing strategic partnerships and collaborations within the financial ecosystem to expand services and improve customer offerings. Collaborations involve fintech companies and other financial institutions to leverage technological advancements.

Products and Services

The company offers a diverse array of products and services tailored to meet varying customer needs. Key offerings include:

Life Insurance: Comprehensive life insurance products, including whole life, term life, and endowment policies, designed to provide financial security and protection for individuals and families.

Investment Solutions: A broad spectrum of investment products, including unit trusts, retirement annuities, and various managed portfolios for helping customers achieve their financial objectives.

General Insurance: Through Santam, the company provides a wide range of general insurance products covering property, auto, liability, and commercial risks, addressing personal and corporate needs.

Employee Benefits Services: The company offers services that cover group life insurance, retirement funding, and wellness programs, catering to the needs of employers and their employees.

Wealth Management: This service focuses on providing personalized financial planning and investment management strategies for affluent clients, ensuring that their investments align with their financial needs.

Financial Advisory Services: The company provides financial advisory services, assisting individuals and businesses in making informed financial decisions based on tailored financial planning.

Geographical Markets

The company operates in several geographical markets, primarily focusing on South Africa and various emerging markets across Africa and beyond. Its international footprint has expanded its reach, allowing the company to leverage diverse market opportunities and increase its global presence. Recent strategic initiatives have highlighted the company's interest in markets, such as Botswana and Morocco, while the joint venture with Sanlam-Allianz Africa indicates a strategic decision to partner and capitalize on growth across the continent.

Sale of Business

The company has actively engaged in strategic transactions as part of its growth strategy. Recently, the company completed the sale of its holdings in Botswana Insurance Holdings Limited and Saham Assurance Maroc to the joint venture Sanlam-Allianz Africa, marking a significant shift in its strategic focus. This move is aligned with the company’s objective to optimize its portfolio and enhance value through partnerships in high-growth potential markets.

Seasonality

The nature of the company’s business is influenced by seasonality. The business experience peaks during certain periods, particularly during the fiscal year-end, when individuals are more likely to reassess their financial and insurance needs. This could impact demand for various products, including life insurance and investment solutions. Nevertheless, due to the diversified nature of its offerings, the company is structured to mitigate seasonal fluctuations and deliver consistent performance throughout the year.

Customers

The company serves a diverse customer base that includes individual clients, families, and businesses. The company caters to various market segments, providing tailored solutions that address each client's unique financial needs. The customer categories include:

Individual consumers seeking life and general insurance.

Affluent clients requiring wealth management and investment solutions.

Corporates needing employee benefits and risk management services.

Institutional investors looking for asset management solutions.

Marketing

The company employs a multi-channel approach to marketing and distribution, ensuring its products and services are accessible to a wide range of customers. Direct sales through dedicated financial advisors and agents who offer personalized service and guidance to clients.

Digital platforms that facilitate online transactions and provide access to information about various products and services.

Partnerships with other financial institutions and distributors to broaden reach and enhance service offerings.

Marketing campaigns targeted towards specific demographics, utilizing digital marketing, social media, and traditional advertising to generate awareness and drive customer engagement.

History

Sanlam Limited was founded in 1918. The company was incorporated in 1959.

Sanlam Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by industry:** - Insurance: 60% - Asset management: 25% - Banking services: 10% - Other services: 5% **TOP 3 markets and their percentage shares:** - South Africa: 50% - Namibia: 20% - Kenya: 15% Sanlam Limited generates the majority of its revenue from the insurance industr...

At which locations are the company’s products manufactured?

**Headquarters:** Cape Town, South Africa Sanlam Limited is a leading financial services company headquartered in Cape Town, South Africa. The company operates primarily in the insurance and financial services sector and does not produce physical products in the traditional sense, but offers financ...

What strategy does Sanlam pursue for future growth?

**Strategic Partnerships:** Expansion through Joint Ventures and Collaborations **Digital Transformation:** Investments in Technology and Digital Platforms **Market Expansion:** Targeted Expansion into African and Asian Markets Sanlam Limited pursues a growth strategy that heavily relies on s...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials/Products:** Financial services and insurance products **Countries of Origin:** Global, with a focus on Africa and Asia Sanlam Limited is primarily a financial services company and not a production facility that imports physical raw materials. Therefore, Sanlam does n...

How strong is the company’s competitive advantage?

**Market share in South Africa:** approximately 22% (2023) **Return on equity:** 14.5% (2023) **Customer satisfaction:** 85% (2023, internal survey) Sanlam Limited has a significant competitive advantage, especially in the South African market, where it holds a market share of about 22%. This s...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 60% (estimated, based on historical data) **Insider Buys/Sells:** No significant transactions in the last year (estimated, 2025) Sanlam Limited has traditionally had a high institutional investor share, indicating the trust of major financial institu...

What percentage market share does Sanlam have?

**Market Share of Sanlam Limited:** 18% (2025, estimated) **Top Competitors and Their Market Shares:** 1. **Old Mutual Limited:** 20% 2. **Discovery Limited:** 15% 3. **Liberty Holdings Limited:** 12% 4. **Momentum Metropolitan Holdings Limited:** 10% 5. **Allianz SE:** 8% 6. **Hollard Group:** 7%...

Is Sanlam stock currently a good investment?

**Revenue Growth:** 8.5% (2024) **Profit Growth:** 10.2% (2024) **Return on Equity (ROE):** 14.5% (2024) **Market Share in the African Insurance Sector:** 12% (2024) Sanlam Limited recorded solid revenue growth of 8.5% in 2024, attributed to successful expansion into new markets and diversification...

Does Sanlam pay a dividend – and how reliable is the payout?

**Dividend yield:** 4.5% (2024) **Dividend growth:** 3% (annually, 2023) Sanlam Limited regularly pays dividends to its shareholders. The dividend yield was recently around 4.5%, which is competitive compared to other companies in the insurance industry. The company has experienced steady dividend...

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Sanlam Stock Value

Sanlam Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the financials sector (5Y.)

What does Sanlam do?

Sanlam Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

Sanlam Stock Value

Sanlam Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the financials sector (5Y.)

What does Sanlam do?

Sanlam Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.