Standard Bank Group Limited · JSE:SBK
Standard Bank — Investor Day (March 2026)
18 slides from Standard Bank's investor day presentation, March 2026
Slide 1: Insurance & Asset Management | Capital Markets Day March 2026
STANDARD BANK GROUP CAPITAL MARKETS DAY | MARCH 2026 INSURANCE & ASSET MANAGEMENT | YURESH MAHARAJ 1
Slide 2: IAM today, opportunities, strategic focus areas, targets, key takeaways
01 02 03 04 05 IAM TODAY OPPORTUNITIES STRATEGIC TARGETS KEY TAKEAWAYS FOCUS AREAS STANDARD BANK GROUP CAPITAL MARKETS DAY | MARCH 2026 INSURANCE & ASSET MANAGEMENT | YURESH MAHARAJ 2
Slide 3: Established franchise with scale
IAM today Opportunities Strategic focus areas Targets Key takeaways Established franchise with scale Open Credit Life Market3 & Funeral (bank distributed) Established South African insurance business, providing a full spectrum of products via open market IAM 2025 snapshot R13.8bn 6.2 Insurance – Ope
Slide 4: IAM ROE has doubled since 2022
IAM today Opportunities Strategic focus areas Targets Key takeaways IAM ROE has doubled since 2022 IAM Headline Earnings Drivers of improved performance Rbn >65% Investment outperformance STANLIB retail funds in top 2 quartiles and Award-winning DFM1 ROE 10.5% 22.1% +16% Short-term insurance profita
Slide 5: Creating client value through integrated banking, insurance and investment solutions
IAM today Opportunities Strategic focus areas Targets Key takeaways Creating client value through integrated banking, insurance and investment solutions ing Met k by Market themes Clients want a single Ban IA by M trusted financial t Africa’s growing and diversified trade and capital flows partner
Slide 6: Growth anchored in South Africa and select African markets
IAM today Opportunities Strategic focus areas Targets Key takeaways Growth anchored in South Africa and select African markets Insurance & Asset Management market opportunity1 Market themes Insurance (GWP) Asset Management (Financial Wealth2) Rbn Rtrn Africa’s growing and diversified trade and capi
Slide 7: IAM 2028 | Growth driven by collaboration and open-market expansion
IAM today Opportunities Strategic focus areas 1 2 3 Targets Key takeaways IAM 2028 | Growth driven by collaboration and open-market expansion Strategic focus areas Ambition Closer collaboration with banking to improve penetration and entrenchment of IAM 1 products in banking client base, and Defend
Slide 8: Closer collaboration with banking | Growth opportunity to deepen penetration
IAM today Opportunities Strategic focus areas 1 2 3 Targets Key takeaways Closer collaboration with banking | Growth opportunity to deepen penetration into banking client base across insurance and investments How we will do this 2028 outcomes Leverage lower acquisition costs as a competitive advanta
Slide 9: Bank-distributed premiums on simple risk and short-term products to grow at >10%
IAM today Opportunities Strategic focus areas 1 2 3 Targets Key takeaways Closer collaboration with banking | Insurance – Bank-distributed premiums on simple risk and short-term products to grow at >10% Gross written premiums CAGR 2025/28 16 >10% PPB balance sheet >R13.5bn 14 >>>10% 12 >10% >10% Key
Slide 10: The simple life insurance opportunity
IAM today Opportunities Strategic focus areas 1 2 3 Targets Key takeaways Closer collaboration with banking | The simple life insurance opportunity Affordability adjusted penetration1 Market new business growth Brand & Advice IP Distribution R40k+ R25 - R40k R15 - R25k Low penetration R8 - R15k Bank
Slide 11: Grow in Open Market | Scaled distribution and holistic offering
IAM today Opportunities Strategic focus areas 1 2 3 Targets Key takeaways Grow in Open Market | Scaled distribution and holistic offering advantages drive insurance growth and AUM How we will do this 2028 outcomes >10%1 Increase distribution manpower and productivity enabled 1 SA Indexed premium CAG
Slide 12: Grow Asset Management | Turn investment performance into positive client flows
IAM today Opportunities Strategic focus areas 1 2 3 Targets Key takeaways Grow Asset Management | Turn credible investment performance into continued positive client flows 1 AUM & AUA Material Drivers1 HE (2025) Growth Opportunity R1.75trn Wealth Melville Douglas 325 R250m Increased entrenchment in
Slide 13: Integrated investment capabilities driving client value and shareholder returns
IAM today Opportunities Strategic focus areas 1 2 3 Targets Key takeaways Integrated investment capabilities driving client value and shareholder returns Advice Administration Solutions Asset management Distribution Platform Performance Simplified Experience Breadth of Wide range Superior Technology
Slide 14: Deliver shareholder value through double digit earnings growth with top quartile ROE
IAM today Opportunities Strategic focus areas Targets Key takeaways Deliver shareholder value through double digit earnings growth with top quartile ROE ROE IAM 2028 Targets 24% - 27% Asset Management >10% CAGR Headline earnings growth Insurance 22% 24% - 27% ROE target range 2025 From 2026 onwards
Slide 15: Key takeaways
IAM today Opportunities Strategic focus areas Targets Key takeaways Key takeaways Established and integrated 1 Advice-led, multi-channel distribution at scale (tied / SBFC / IFA / bank / digital) combined with integrated manufacturing across insurance, investments and asset management Large and attr
Slide 16: Disclaimer
Disclaimer Forward-looking statements The Group may, in this document, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to
Slide 17: Yuresh Maharaj
YURESH MAHARAJ Chief Executive | Insurance & Asset Management Standard Bank Group QUALIFICATIONS: BCom Honours (University of Natal), BCom Accounting (University of Natal), CA (SA) CURRENT ROLE APPOINTMENT: 2023 CAREER HIGHLIGHTS: • Yuresh Maharaj joined Liberty in September 2015 as Executive Head o
Slide 18: Slide 18