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Conventional insurance GWP growth
June 2022: 7%
Conventional insurance net underwriting margin
June 2022: 3%
Return of shareholder's funds
June 2022: 11.9%
Interim dividend per share
June 2022: 462 cents
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 financial results for the six months ended 30 June 2023 presented by Tavaziva Madzinga and Wikus Olivier.
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.
Santam delivers strong and resilient operating results for financial year ended 31 December 2022
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.
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.
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.
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.
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.
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.
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
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
Santam ranked 18th in the South African Top Employer 2022
Santam announces appointment of Group Chief Executive Officer
Santam recognised as a top employer in SA for the 5th year running
Tel: 021 915 7983
Group CFO and Finance Director
Head Investor Relations and Strategy
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