Sanlam Ratios and Metrics

Market cap in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '25 Dec 4, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Market Capitalization	201,548	179,025	156,958	99,852	122,582	121,323	Upgrade
Market Cap Growth	10.47%	14.06%	57.19%	-18.54%	1.04%	-29.69%	Upgrade
Enterprise Value	192,939	181,260	162,807	75,481	93,432	69,329	Upgrade
PE Ratio	10.34	8.05	10.84	8.15	12.94	168.97	Upgrade
PS Ratio	0.87	0.88	0.82	0.96	0.63	0.94	Upgrade
PB Ratio	1.84	1.63	1.62	1.01	1.48	1.57	Upgrade
P/FCF Ratio	12.58	12.54	-	6.19	24.87	74.20	Upgrade
P/OCF Ratio	11.99	11.85	-	5.97	22.23	51.15	Upgrade
EV/Sales Ratio	0.84	0.89	0.85	0.73	0.48	0.54	Upgrade
EV/EBITDA Ratio	1.46	1.79	1.71	4.23	2.96	6.62	Upgrade
EV/EBIT Ratio	1.48	1.80	1.73	4.40	3.06	7.20	Upgrade
EV/FCF Ratio	12.04	12.69	-	4.68	18.96	42.40	Upgrade
Debt / Equity Ratio	0.18	0.20	0.17	0.16	0.22	0.22	Upgrade
Debt / EBITDA Ratio	0.15	0.21	0.17	0.88	0.56	1.51	Upgrade
Debt / FCF Ratio	1.21	1.50	-	0.99	3.67	10.15	Upgrade
Quick Ratio	1.26	3.49	1.85	1.85	1.11	1.78	Upgrade
Current Ratio	1.44	3.72	2.33	2.71	1.65	2.03	Upgrade
Asset Turnover	0.21	0.19	0.19	0.10	0.19	0.14	Upgrade
Return on Equity (ROE)	21.59%	20.87%	13.89%	13.15%	12.47%	1.79%	Upgrade
Return on Assets (ROA)	6.96%	5.90%	5.91%	1.04%	1.91%	0.65%	Upgrade
Return on Capital (ROIC)	64.07%	51.27%	51.58%	9.94%	19.60%	6.38%	Upgrade
Earnings Yield	11.18%	12.42%	9.22%	12.28%	7.73%	0.59%	Upgrade
FCF Yield	7.95%	7.98%	-3.64%	16.17%	4.02%	1.35%	Upgrade
Dividend Yield	4.61%	5.41%	6.17%	8.85%	7.07%	6.76%	Upgrade
Payout Ratio	49.07%	43.27%	66.33%	68.93%	73.52%	1177.44%	Upgrade
Buyback Yield / Dilution	-0.24%	-1.02%	-0.55%	0.47%	-0.01%	0.10%	Upgrade
Total Shareholder Return	4.44%	4.39%	5.62%	9.32%	7.07%	6.86%	Upgrade

Source: S&P Capital IQ. Insurance template. Financial Sources.