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Market Impact: 0.32
Sanlam Profit Falls 22% on Higher Claims, Weakness in India
Source: Bloomberg
Corporate EarningsNatural Disasters & WeatherCurrency & FXInsurance
Sanlam Ltd.'s profit declined as weather-related insurance claims in South Africa increased. A stronger rand also reduced the translated value of earnings generated by its operations outside its home market, creating additional pressure on reported results.
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