Santam says headline earnings may triple as it recovers from tough 2020
Heps may rise by as much as 203% in the insurance group’s 2021 year, as it bounces back from the effects of Covid-19
20 February 2022 - 16:56
SA’s largest short-term insurer Santam says its headline earnings could triple in its 2021 year, a recovery from a tough 2020, when Covid-19 forced insurers to set aside billions for claims and make provisions for clients who may miss payments.
Santam said on Friday it expects headline earnings per share of R22.46-R27.44 in its year to end-December, from R9.05 previously. This is an up to 203% increase year on year, and up to about a third higher than pre-pandemic levels...
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