Santam first half results boosted by diversification
Its major conventional insurance units contributed positively to 8% overall growth in gross written premiums
29 August 2024 - 11:27
Santam has reported a 35% rise in headline earnings per share (HEPS) at the halfway stage of the year, as it made progress with its FutureFit 2030 strategy and diversification across market segments, insurance classes and regions.
SA’s largest short-term insurer reported conventional insurance net earned premium growth of 7% to R15.4bn for the six months ended June at a net underwriting margin of 6.5%, well within the group’s target range of 5%-10%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.