Sanlam Ltd (SLMAF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, and welcome to the Sunlum 2026 three-month operational update. All participants will be in listen-only mode. There will be an opportunity to ask questions later during the call. If you should need assistance during the call, please signal an operator by pressing star, then zero. Please note that this event is being recorded. I will now hand the conference over to Paul Hanratty. Please go ahead, sir. Irene, thank you very much, and good afternoon, ladies and gentlemen, and thank you very much for joining us on this call today. I am joined on the call today by our Group Finance Director, Abigail Makuba, our Group Chief Risk Officer and Chief Factory, Milonga Lodzi Mashlangeni, and our Head of Investor Relations, Tikela Milodzi. Earlier today, we released our operational update for the first three months of 2016. I'll provide a very brief overview of our strategic progress and operational performance before we'll open the line for questions. The group is investing in organic growth, and while this puts some short-term pressure on earnings, it underpins future growth. Against this backdrop, I'm going to cover five points briefly, in order, I hope, to assist you in making some sense of the quarter's performance. First off, the group continued to make excellent progress in the execution of strategic priorities in the quarter. We closed the 91 transaction in early February. The MUFG, Capital Injection Industry and Finance, took place just after the quarter end, and we now have more than 50% share in each of the Indian insurance businesses and their economics. We have capacitated the Lloyd Syndicate, Our cloud migration is on track and we're progressing to launch banking services in South Africa just as soon as we've obtained the necessary regulatory ap...