Insurer Sanlam Kenya Plc (NSE: SLAM) will be holding a virtual Extra-Ordinary General Meeting (EGM) on Thursday, October 9, 2025, to get shareholders' approval for formal name change to Sanlam Allianz Holdings (Kenya) PLC. 

The change of identity is part of a larger, continental business growth strategy following the newly formed joint venture between Sanlam and Allianz, dubbed SanlamAllianz, which will see the two companies combine their operations across Africa.

“The proposed name change is a key step in our alignment with the new SanlamAllianz brand,” said Dr Patrick Tumbo, Group CEO of Sanlam Kenya PLC. “By formally establishing ourselves as Sanlam Allianz Holdings (Kenya) PLC, we are moving to leverage the combined expertise and financial strength of two respected and well-known global brands.”

He added that the insurer continues to strengthen its foothold as a client-centric business that is both resilient and well-positioned for sustained growth.  

“Across Africa, Sanlam and Allianz are leveraging their mutual strengths to unlock synergies and provide clients with best-in-class, innovative insurance solutions and technical excellence. This creates value for its stakeholders through greater economies of scale, broader geographic presence, larger combined market share, and a more diversified product offering,” he said.

Currently, SanlamAllianz operates in 26 countries and holds a combined total group equity value of over 33 billion South African Rand (approximately 2 billion Euros).

As of 30 June 2025, Sanlam reported increased insurance revenue, reaching KES3.73 billion, up from KES3.52 billion even as total assets rose to KES41.3 billion from KES39.2 billion as of December 31, 2024.

 Additionally, a recent Rights Issue successfully raised the company’s issued share capital to KES3.22 billion, with shareholders’ funds more than doubling to KES3.85 billion.