1. South Africa Stocks

  2. •

    Finance

  3. •

    Multi-line insurance
Santam Limited

Santam Limited

25.80
EUR
0.00
(0.00%)
2.27BMarket Cap
Mar 03Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
163.18
169.81
188.28
196.87
220.68
236.91
255.1
257.1
279.17
398.17
334.64
365.04
399.23
- -
Basic EPS, GAAP
9.81
13.82
20.9
10.88
15.11
21.98
19.9
2.96
24.91
18.06
29.73
33.56
37.17
- -
Free Cash Flow per Basic Share
10.25
15.39
21.54
10.95
10.39
9.48
25.14
-1.46
16.12
31.08
3.62
32.49
21.55
- -
Dividend per Share
6.53
6.96
7.74
16.22
9.09
9.84
10.6
7.19
4.33
20.66
31.32
14.38
15.38
- -
Book Value per Share
53.61
61.15
73.38
62.37
67.22
80.19
86.37
84.81
103.28
99.13
97.97
116.69
137.75
145.52
Tangible Book Value per Share
44.24
51.68
65.87
54.34
59.6
72.17
77.79
76.04
94.3
89.34
86.74
107.56
128.73
136.61
Basic Weighted Avg Shares
114
114
112
111
110
110
110
110
110
110
109
110
109
6
Sales/Revenue/Turnover
18,622
19,403
21,151
21,925
24,341
26,157
28,183
28,358
30,764
43,643
36,586
40,012
43,596
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
148
98
117
92
114
123
299
294
283
280
325
361
308
- -
Net Income, GAAP
1,120
1,579
2,348
1,212
1,667
2,427
2,199
327
2,745
1,980
3,250
3,679
4,059
- -
Effective Tax Rate (%)
20.37
28.36
26.93
28.25
21.3
28.13
33.21
64.99
34.15
39.97
39.21
26.81
35.25
- -
Profit Margin (%)
6.01
8.14
11.1
5.53
6.85
9.28
7.8
1.15
8.92
4.54
8.88
9.19
9.31
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
997
999
974
2,053
2,056
2,072
3,058
3,871
3,316
3,208
3,877
4,050
5,132
4,916
Total Equity
6,532
7,440
8,547
7,345
7,924
9,365
10,063
10,092
12,011
11,534
11,406
14,075
16,579
17,441
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
16.37
19.51
25.8
13.16
18.16
23.93
18.92
2.47
19.47
13.81
22.54
20.33
16.97
- -
Return on Common Equity (%)
19.24
24.03
31.12
16.21
23.32
29.82
23.9
3.46
26.48
17.8
30.15
31.41
29.22
- -

Capital Structure

ZAR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
3,064
4,298
4,098
LT Finance Leases
745
834
818
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
109
109
109
Market Capitalization
- -
- -
42,517

Working Capital

ZAR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
6,616
6,083
6,498
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.49%
11.03%
17.79%
Free Cash Flow
-43.92%
-86.87%
-33.92%
Net Income, GAAP
73.95%
159.85%
10.33%
Sales/Revenue/Turnover
8.3%
10.5%
8.96%
Total Cash Common Dividend
38.58%
67.72%
6.54%

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
40,012
2025
- -
- -
43,596
2026
- -
- -
- -

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
33.56
2025
- -
- -
37.17
2026
- -
- -
- -

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
14.38
2025
- -
- -
15.38
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Tavaziva Chadamoyo Madzinga
Full Time Employees
6,472
Sector
Finance
Industry
Multi-line insurance
Address
1 Sportica Crescent Bellville WC South Africa 7530
IPO Date
Jul 1, 1992
Website
santam.co.za
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Business
Santam Ltd is South Africa's leading short-term insurer with a market share exceeding 22%, providing a diversified portfolio of general insurance products and services to over 1 million policyholders ranging from individuals to commercial, corporate, and specialist business clients through intermediaries, direct channels, and partnerships. The company offers personal lines including car, building, home contents, watercraft, travel, drone, and all-risk coverage for valuables such as jewelry, mobile devices, eyewear, laptops, and musical instruments; commercial and specialist products encompassing property, liability, engineering, agricultural (crop, asset, weather), guest house, tourism, leisure, entertainment, reinsurance, business, dental, medical, and small business insurance; and value-added services like claims management, brokerage, roadside assistance, household emergencies, and legal advice. Santam operates primarily in South Africa and Namibia, with presence in selected emerging African markets and international expansion; it was founded in 1918, is headquartered in Cape Town, and is listed on the JSE (SNT.JO) since 1964 with secondary listings on the Namibian Stock Exchange and A2X; as a subsidiary of Sanlam Ltd, which holds 62.3% ownership, Santam manages wholly-owned brands MiWay and Centriq alongside underwriting manager partnerships. Recent developments include the May 2025 acquisition of a 60% stake in MultiChoice Group's NMS Insurance Services for R925 million to leverage device insurance expertise and access 8 million subscribers for cross-selling general insurance; a July 2025 purchase of 51% in UK-based Avatar Holdings Ltd to enhance mid-sized corporate underwriting via technology; in-principle approval in July 2025 for Santam Syndicate 1918 at Lloyd's targeting high-margin specialist lines; robust growth in Partner Solutions from MTN device insurance and MiWay's double-digit premium increases; and sustained market share in broker channels amid underwriting margin expansion to 11.3% for the six months ended June 2025.