Investor Relations

Investor Relations 2020 Interim financial statements

Message from the CEO

“The Santam group operated effectively in the face of unprecedented global uncertainty. Our balance sheet held up well during this period of excessive market volatility. Targeted interventions were introduced to contain operational costs and the group’s capital, liquidity and funding positions remain robust.” Lizé Lambrechts,

Indicators for the six months ended 30 June 2020:

  • 7% growth in group gross written premium
  • 4% growth in Conventional insurance gross written premium
  • Net underwriting margin of 4.3% (2019: 5.3%) for conventional insurance
  • Net Operating Results of R830 million (2019: R963 million)
  • Return on capital of 11.6%
  • Cash generated from operations increased to R3.9 billion
  • No interim dividend declared

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Share price

  • Santam Ltd-0.20%10,00
  • 23550.00ZAC
    20 Oct, 10:58 SAST

Key dates

  • 3 September 2020: Interim Financial Results 2020
  • 3 September 2020: Interim Analyst Presentation 2020

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Contact information

Investor relations

Hennie Nel
Chief Financial Officer

Tel: 021 915 7599

Gloria Tapon Njamo
Head: Investor Relations
Tel: 021 915 8228


Company secretary

Masood Allie
Tel: 021 915 7554

Investor news

Tough conditions impact Santam’s half-year results

3 September 2020

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.

Santam maintains solid performance in low growth environment

5 March 2020

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.

Read more