Investor News
Investor News
Santam pays record claims of R24.5 billion
Santam, South Africa’s largest short-term insurance group, has reported strong operating results for the financial year ended 31 December 2021. The company’s conventional insurance business achieving gross written premium (GWP) growth of 5% (2020: 5%) and a net underwriting margin of 8.0% (2020: 2.5%), which is at the top-end of the group’s target range of 4% to 8%.
Investor News
Santam announces appointment of Group Chief Executive Officer
The Board of Directors of Santam Limited is pleased to announce the appointment of Tavaziva (‘Tava’) Madzinga to succeed Lizé Lambrechts as the Santam Group Chief Executive.
Investor News
Santam accepts SCA decision on business interruption and aims to finalise remaining CBI claims as quickly as possible
Santam is pleased that a judgment handed down today by the Supreme Court of Appeal (SCA) has brought legal clarity and finality on the interpretation and application of certain contingent business interruption (CBI) policies.
Investor News
Santam achieves solid first-half performance
Santam has reported solid operating results for the first six months of the 2021 financial year, with the group’s conventional insurance book achieving gross written premium (GWP) growth of 5% and a net underwriting margin of 6.7% (2020: 4.3%), which is above the midpoint of the company’s 4%-8% target range.
Investor News
Santam declares support for the Task Force on Climate-related Financial Disclosures
Santam joins more than 1,800 organizations in demonstrating a commitment to building a more resilient financial system and safeguarding against climate risk through better disclosures.
Investor News
Covid-19 impacts Santam group 2020 performance
Santam, South Africa’s largest short-term insurer, today reported acceptable operating results for 2020 under very difficult economic circumstances, despite the negative impact of COVID-19. The group’s conventional insurance book achieved Gross Written Premium (GWP) growth of 5% (2019: 7%) and a net underwriting margin of 2.5% (2019: 7.7%), below the group’s target range of 4% to 8%.
Investor News
Santam extends contingent business interruption claims settlement process to all commercial policies
Santam announced today that it will settle valid claims for all commercial policies with contingent business interruption (CBI) extensions in addition to those covered by its Hospitality & Leisure division.
Investor News
Santam commences assessment process for settlement of business interruption claims impacted by recent judgments
Santam announced today that it will commence the process for assessing claims for policies with contingent business interruption (CBI) extensions.
Investor News
Santam to appeal business interruption judgment
After careful consideration and engagement with key stakeholders, Santam has decided to apply for leave to appeal the judgment of the Western Cape High Court in the matter between the insurer and Ma-Afrika Hotels and Stellenbosch Kitchen.
Investor News
Santam responds to Cape high court judgment
Santam has taken note of the judgment delivered on Tuesday 17 November by the Cape High Court in the matter between the company and Ma-Afrika Hotels and Stellenbosch Kitchen.
Investor News
Tough conditions impact Santam’s half-year results
Santam, South Africa’s largest short-term insurer, has despite a severely constrained economic environment achieved solid operational results that saw gross written premium (GWP) growth of 4% on its conventional insurance book and a net underwriting margin of 4.3% (2019: 5.3%), which is at the lower end of the group’s 4%-to-8% target range.
Investor News
Santam maintains solid performance in low growth environment
Santam reported solid operational results for 2019, despite the country’s low economic growth and a year-on-year increase in catastrophes and crop damage. Santam CEO Lizé Lambrechts comments, and shares the key highlights and areas of importance.
Investor News
Santam partners with InsurTech company JaSure
Santam has invested and partnered with on-demand insurance technology (Insurtech) company JaSure.
Investor News
Santam posts solid half-year results
Santam – South Africa’s largest short-term insurer – has reported solid operational results for the six-month period ended 30 June 2019, in an environment characterised by tough trading conditions for short-term insurers. The group achieved Gross Written Premium (GWP) growth of 8% on its conventional insurance book and a net underwriting margin of 5.3% (2018: 8.4%), comfortably within the group’s 4%-to-8% target range.
Investor News
Santam to list on A2X exchange
South Africa’s largest general insurer, will effect a secondary listing of its shares, on the A2X Markets exchange. Its shares will be available to trade on A2X from 1 February 2019.
Investor News
Strong underwriting performance from Santam in a tough economic environment
Santam, South Africa’s largest general insurer, has today reported excellent underwriting results and strong growth for the interim period to June 2018. Despite a low-growth economic environment, the group reported gross written premium (GWP) growth of 13%. The group’s conventional insurance book achieved GWP growth of 9% and a net underwriting margin of 8.4%, doubling the 2017 result of 4.2%, and exceeding the group’s target range of 4% to 8%.
Investor News
Santam shows resilience and strong growth in a challenging 2017
Santam, South Africa’s largest general insurer, today reported solid underwriting results and strong growth for the year ended 31 December 2017. Within the context of a tough trading environment for short-term insurers, the group reported excellent double-digit gross written premium growth of 15% and a solid net underwriting margin of 6.0%, which is well within the target range of 4% to 8%.
Investor News
Santam interim results: diversification lessens impact of catastrophe events
In the wake of the biggest catastrophe event in the history of the South African insurance industry, the country’s largest general insurer, Santam today said that its solid diversification strategy meant that it was in a good position to settle claims worth R8.8 billion in the six months to June 2017.
Investor News
Operational update to shareholders following the annual general meeting held on 31 May 2017
This serves as a general communication to Santam shareholders with regards to the business environment for the four month period ended 30 April 2017.
Investor News
Santam remains steady amid tough economic climate and high claims
Insurer pays out more than R500 million in claims for catastrophic events, R16.1 billion in claims overall
Investor News
Santam enters into agreement with Munich Reinsurance Company of Africa Limited to support growth outside South Africa
Santam, South Africa’s largest general insurer, has entered into an agreement with leading reinsurer Munich Reinsurance Company of Africa Limited in terms of which selected Santam business units will be able to use the reinsurer’s Standard & Poor’s (“S&P”) AA- credit rating to write inwards international reinsurance business on Munich Re of Africa’s license.
Investor News
Santam reports strong underwriting results in low-growth economic environment
In a low-growth economic environment, the group reported gross written premium growth of 8% and a net underwriting margin of 6.4% (2015: 8.9%) – well within the target range of 4% to 8% of net written premiums.
Investor News
Santam reports strong underwriting results in low-growth economic environment
Santam, South Africa’s largest general insurer, today reported strong underwriting results for the year ended December 2015, with a net underwriting margin of 9.6%.
Investor News
Santam reports strong underwriting results despite competitive market conditions
Santam, South Africa’s largest short-term insurer, today reported strong underwriting results for the six months ended 30 June 2015, with a net underwriting margin of 8.9%.
Investor News
Santam reports strong underwriting results, growth of 12% in gross written premiums
Santam reports strong underwriting results, growth of 12% in gross written premiums
Investor News
Santam acquires insurance administration provider Brolink
Santam, announced that it is to acquire Brolink, which provides information technology and business process outsourcing services to the short-term insurance industry.
Investor News
Notice of the transfer of the short-term insurance business of Guardian National Insurance Company
Notice of the transfer of the short-term insurance business of Guardian National Insurance Company limited to Santam limited in terms of section 36(2) of the Short-term Insurance Act, Act No. 53 of 1998.
Investor News
Notice of the transfer of the short-term insurance business of AEGIS Insurance
Notice of the transfer of the short-term insurance business of AEGIS Insurance Company Limited to Santam limited in terms of section 36(2) of the Short-term insurance act, Act No. 53 of 1998.
Investor News
Santam reports growth of 9% in gross written premiums (excluding cell insurance business) exceeding R20 billion for the first time ever
Santam, South Africa’s largest short-term insurer, today reported a 9% increase in annual gross written premiums.