Sanlam Namibia, now operating as SanlamAllianz Namibia, announced it paid out over N$2.5 billion in premiums during the 2024 financial year.
This comes as the company recently revealed it’s transition under the Sanlam-Allianz pan-African joint venture.
“Our group equity value has exceeded 4.5 billion Namibian dollars, and our annual premiums for last year alone were N$2.5 billion. That can be translated into the value of our business and the trust that people place in us every day. It is this trust that drives our commitment to deliver on our promise,” said SanlamAllianz CEO Tertius Stears.
He added that the rebrand marks a significant shift for the financial services firm, which has operated in Namibia since 1928 and that the move aligns its local operations with the global reach and strength of its new parent structure.
Stears added that the business now operates as part of a larger international network, with access to expanded product offerings and greater financial depth. He noted the merger with Allianz will help unlock new opportunities across local and continental markets.
“This rebranding to SanlamAllianz Namibia reflects our commitment to a global vision while remaining rooted in the Namibian context. It is a powerful alliance between Sanlam, Africa’s largest non-banking financial services provider, and Allianz, one of the world’s leading insurers and asset managers,” he said.
SanlamAllianz is nearing its 100-year anniversary in Namibia, having started operations in Lüderitz. Over the years, it has expanded across the country and grown into one of the dominant players in the financial sector.
“Sanlam Namibia is just shy of our 100th anniversary in the country. From our humble beginnings in 1928, with our first branch in Lüderitz, we have become a leading financial services group with branches across Namibia, serving thousands of loyal clients,” Stears said.
The CEO explained that the joint venture draws on the longstanding histories of both Sanlam and Allianz, companies that have operated in Africa for over a century. Together, they aim to bring innovation and stability to markets across the continent.
“While uniting the expertise and financial strength of these two respected brands, we believe this transition will usher in a new era of growth and value creation. We are focused on delivering world-class financial solutions to every policyholder and to the people of Namibia,” he said.
SanlamAllianz stated that its strategic focus remains on financial empowerment and expanding access to insurance and investment solutions. The company said it will continue to support clients across all income levels.
“This rebrand strengthens our purpose of creating wealth-building opportunities across all client segments. Our strategy remains to empower generations to be financially confident, secure and prosperous. That is the purpose we believe in and live by every day,” said Stears.
