Santam in figures



Conventional insurance GWP growth

June 2022: 7%



Conventional insurance net underwriting margin

June 2022: 3%



Return of shareholder's funds

June 2022: 11.9%

+33 cents

495 cents

Interim dividend per share

June 2022: 462 cents

Latest results & reports

Santam Group: 2023 Interim Results

Santam recorded an overall solid financial performance for the six months to 30 June 2023, with the group’s conventional insurance business achieving Gross Written Premium (GWP) growth of 7% and a net underwriting margin of 3.8% (June 2022: 3.0%).

Interim report 2023 Analyst presentation 2023
Analyst Presentation 2023

Interim financial results for the six months ended 30 June 2023 presented by Tavaziva Madzinga and Wikus Olivier.

2022 Integrated Report

The world, our business, and people’s lives are constantly changing, and as the leading general insurer, we continually adapt as we face new risks.

2022 Annual Financial Statements

Santam delivers strong and resilient operating results for financial year ended 31 December 2022


Santam – delivering profitable growth and resilience in a disruptive world

Santam has been South Africa’s leading general insurer for 105 years – through global societal, economic and climate-related changes and rapid technological advances. The group has achieved an enviable market share over this time by innovating and adapting to disruptive circumstances and new risks.

Why invest in Santam?

Santam is the largest short-term insurer in South Africa and has maintained a market share of more than 20% for the last 10 years.

We are a diversified short-term insurer; we provide our clients with appropriate insurance solutions through a multi-product and multi-channel distribution portfolio.

We have a meaningful and growing contribution to GWP from countries outside South Africa.

Santam has a solid legacy and a consistent, proven record of sustainable value creation.

We consistently achieve our net underwriting margin target range of 5% to 10%.

We have a stable dividend policy that has enabled an ordinary dividend per share compounded growth of 7% CAGR over the last seven years.

Board and Executives

A winning team

Currently eleven executives make up the senior management team, with Tavaziva (‘Tava’) Madzinga as Chief Executive Officer, appointed in July 2022. Santam has twelve directors, serving on its board. The board is headed by Ms Moholi who is currently serving as Chairperson.

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Our business portfolio

Santam's presence

Santam is the leading general insurer in South Africa with a market share of more than 22%. We provide a diverse range of general insurance products and services in southern Africa and internationally through a network of 2 700 intermediaries and direct channels. We serve more than 1 million policyholders who range from individuals to commercial and specialist business owners and institutions.

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Life at Santam

Growth and opportunities

At Santam, we are intentional about building an empowered, purpose-led, value-driven and inclusive culture, all while ensuring we embody ethical leadership as a responsible company.

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Our approach to sustainability

At Santam, we are committed to being a good corporate citizen and contributing to a sustainable and transformed South African economy.

Level 1 BBBEE

Top employer 2023

Founding signatory United Nations Environmental Programme's Principles for Sustainabie Insurance

Constituent of the FTSE4Good Index Series and FTSE?JES Responsible Investment Top 30 Index

Signatory Task Force on Climate-related Financial Disclosures (TCFD)

View our past and present reports and financial results.

Shareholder diary

31 May: Annual general meeting • UBS SA Financial Services Conference – 10 October 2023 • 10 month Operational Update – 30 November 2023 • Financial year end - 31 December 2023

Special dividend

03 October 2023: Last day to trade cum dividend

04 October 2023: Shares trade ex-dividend

09 October 2023: Payment date


31 August 2023: Declaration date

19 September 2023: Last day to trade cum dividend

20 September 2023: Shares trade ex-dividend

22 September 2023: Record date

26 September 2023: Payment date

Help and FAQ's

General enquiries


Tel: 021 915 7983

Wikus Olivier

Group CFO and Finance Director


Thabiso Rulashe

Head Investor Relations and Strategy


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