Investor News

Investor News

Investor News

25 January 2019

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

30 August 2018

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

01 March 2018

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

31 August 2017

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

31 May 2017

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

02 March 2017

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

20 October 2016

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

31 August 2016

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

02 March 2016

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

26 August 2015

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

02 March 2015

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

01 October 2014

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

26 March 2014

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

26 March 2014

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

26 February 2014

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.

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