AM Best Assigns Credit Ratings to Sanlam Life Insurance Limited [Yahoo! Finance]
SANLAM LTD S/ADR (SLLDY)
NASDAQ:AMEX Investor Relations:
sanlam.com/investorrelations
Company Research
Source: Yahoo! Finance
ICR) of "a-" (Excellent) to Sanlam Life Insurance Limited (Sanlam Life) (South Africa). Sanlam Life is a wholly owned subsidiary of Sanlam Limited (Sanlam) (South Africa), the non-operating holding company of the Sanlam group. The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Sanlam's consolidated balance sheet strength, which AM Best assesses as strong, as well as the group's strong operating performance, favorable business profile and appropriate enterprise risk management. The ratings of Sanlam Life factor in its strategic importance to and integration within the Sanlam group. Sanlam's balance sheet strength is underpinned by its consolidated risk-adjusted capitalisation at the strongest level, as measured by Best's Capital Adequacy Ratio (BCAR). AM Best's assessment of the group's risk-adjusted capitalisation includes credit for economic capital embedded in long-term business and equity credit for hybrid debt. The assessment also considers S
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- South African CEOs See Green Shoots as Economic Mood Soars [Financial Post (Toronto, Ontario, Canada)]Financial Post
- South African CEOs See ‘Green Shoots' as Economic Mood Improves [BNN Bloomberg (Canada)]BNN Bloomberg