The share price closed at R76.84.
The group said: “During this period, we concluded the largest transaction in Sanlam’s history by finalising the acquisition of the remaining stake in Saham Finances.
“This transaction creates a unique footprint and competitive advantage for Sanlam across the African continent to drive future growth.”
Sanlam acquired a remaining 53.37 percent stake in Moroccan insurance company Saham Finances for $1.1billion (R15.07bn) in October. The acquisition expanded Sanlam’s presence to 33 countries across Africa.