Fitch Ratings affirms the rating of Sanlam and its three subsidiaries

Fitch Ratings has confirmed Sanlam's "AA+" (zaf) long-term national rating. The rating agency has also affirmed the "AAA" (zaf) financial strength rating of the South African group's three subsidiaries: Sanlam Life, Sanlam Developing Markets (SDM) and Santam. This is the highest level on the Fitch rating scale. The outlook for these ratings remains stable.

Fitch's decision is driven by several key factors, including the company's strong profile, the conclusion of a strategic partnership with Germany's Allianz Group, and the strong capitalization and earnings of Sanlam and its subsidiaries.