Adjusted Return on Group equity value

for the year ended 31 December 2010
 
2010
Restated
2009
 
Earnings
R million
Return
%
Earnings
R million
Return
%
Sanlam Personal Finance
3 826
17,8
2 579 12,3
Covered business
3 083
15,5
2 391 12,2
Other operations
743
46,1
188 13,2
Sanlam Developing Markets
770
20,9
722 24,4
Covered business
730
21,3
705 25,2
Other operations
40
15,3
17 10,6
Sanlam UK
107
7,1
(37) (2,4)
Covered business
65
9,8
93 13,7
Other operations
42
5,0
(130) (15,3)
Institutional cluster
1 753
14,7
2 327 20,1
Covered business
578
11,7
939 16,9
Other operations
1 175
16,8
1 388 22,8
Short-term insurance
1 614
22,6
545 10,3
Discretionary and other capital
182
  (96)  
Adjusted Return on Group Equity Value
8 252
16,2
6 040 13,4
Adjusted Return on Group Equity Value per share
 
16,0
  13,1