1. South Africa Stocks

  2. •

    Financial Services

  3. •

    Insurance - Specialty
Santam Ltd

Santam Ltd

SNT.JO
Santam LtdZA flagJohannesburg Stock Exchange
39,599.00
ZAc
+150.00
- -
43.26BMarket Cap
Santam Ltd
SNT.JO
(Johannesburg Stock Exchange)

Recent

price

39,599.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
134.36
139.97
153.94
163.18
169.81
188.28
196.87
220.68
236.91
255.1
257.1
279.17
398.17
334.64
457.39
399.23
Revenue per Share
15.84
12.16
9.04
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
Basic EPS, GAAP
10.96
13.46
14.45
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
Free Cash Flow per Basic Share
9.85
5.24
14.32
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
Dividend per Share
0.95
0.95
0.94
0.94
0.94
0.92
0.92
0.93
0.93
87.15
81.44
99.8
96.28
0.94
0.94
0.94
Book Value per Share
37.46
45.49
40.74
47.84
55.61
68.72
58
64.22
76.8
82.5
82.72
100.02
95.44
93.11
119.32
142.8
Tangible Book Value per Share
113
113
114
114
114
112
111
110
110
110
110
110
110
109
110
109
Basic Weighted Avg Shares
15,177
15,838
17,481
18,622
19,403
21,151
21,925
24,341
26,157
28,183
28,358
30,764
43,643
36,586
50,135
43,596
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
43
68
125
148
98
117
92
114
123
299
294
283
280
325
361
308
Depreciation Expense
1,789
1,376
1,027
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
Net Income, GAAP
26.32
25.7
36.71
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
Effective Tax Rate (%)
11.79
8.69
5.87
6.01
8.14
11.1
5.53
6.85
9.28
7.8
1.15
8.92
4.54
8.88
7.34
9.31
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
24
964
1,034
997
999
974
2,053
2,056
2,072
3,058
3,871
3,316
3,208
3,877
4,050
5,132
LT Debt
5,219
6,141
5,617
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
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
741.65
202.41
86.19
84.34
102.48
150.49
59.75
66.51
95.84
29.24
2.5
19.99
14.14
35.38
66.67
55.15
Return on Capital (%)
1,671.96
1,285.98
959.81
1,046.73
1,475.7
2,236.19
1,176.7
1,618.45
2,356.31
45.2
3.51
27.48
18.38
61
3,571.84
3,940.78
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

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
8.87%
11.63%
-13.04%
Total Cash Common Dividend
38.58%
67.72%
6.54%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
36,586
2024
- -
- -
- -
- -
50,135
2025
- -
- -
- -
- -
43,596

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
29.73
2024
- -
- -
- -
- -
33.56
2025
- -
- -
- -
- -
37.17

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
31.32
2024
- -
- -
- -
- -
14.38
2025
- -
- -
- -
- -
15.38
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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.