Company NewsThe Big Story

Sanlam Life’s 2019 profits grow 375% amidst a very competitive insurance market

by Muhereza Kyamutetera
Nicholas Lutakome, Ag Chief Executive Officer, Sanlam Life Uganda
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Sanlam Life Uganda, the life insurance arm of insurance giants, Sanlam, has announced a 375 percent growth in its operating profit for the fifth straight year. In results published last week, Sanlam Life reported, that its profit after tax for 2019 grew from UGX881 million in 2018 to UGX3.31 Billion, on the back of a 133 percent growth in net assets from UGX10.2 billion in 2018 to UGX13.5 billi

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.