Investor News
Santam, South Africa’s largest general insurer, has recorded an improved performance for the six-month period ended 30 June 2024, with the group achieving an 8.1% Gross Written Premium (GWP), a 7.1% Net Earned Premium and 6.5% net underwriting margin growth rate.
Investor News
Santam recorded a resilient financial performance for the twelve months to 31 December 2023, with the group’s conventional insurance business achieving Gross Written Premium (GWP) growth of 6% and a net underwriting margin of 3.5% (December 2022: Restated to 5.1%).
Investor News
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%).
Investor News
Santam, has achieved Gross Written Premium (GWP) growth of 8% (2021: 5%) for the group’s conventional insurance business and a net underwriting margin of 5.1% (2021: 8%), for the year ended 31 December 2022.
Investor News
Santam, South Africa’s largest short-term insurer, has appointed Gugu Mtetwa as the company’s Executive Head of Strategy and Investor Relations, with effect from 1 February 2023.
Investor News
Following one of the most challenging underwriting periods in the company’s history, Santam announced an acceptable set of results.
Investor News
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
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 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 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 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
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 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 announced today that it will commence the process for assessing claims for policies with contingent business interruption (CBI) extensions.
Investor News
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 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
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 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 has invested and partnered with on-demand insurance technology (Insurtech) company JaSure.
Investor News
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
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.