Santam reports strong interim performance, increases dividend by 10%

Santam Limited reported a significant increase in its financial performance for the six months ended June 30, 2025. Group insurance revenue grew by 12% to R27,497 million, while basic and headline earnings per share both rose 19% to R1,873. The company declared an interim dividend of 590.00 cents per share, marking a 10% increase from the previous period.

The conventional insurance segment saw a net earned premium growth of 16% to R17.9 billion and an underwriting margin of 11.3%. Alternative Risk Transfer (ART) profit before tax improved by 28% to R417 million. Santam also achieved an annualised return on shareholders' funds of 33.2% and an economic capital coverage ratio of 170%.

The board declared a gross interim cash dividend of 590.00 cents per ordinary share, payable on Monday, September 22, 2025, to shareholders registered by Friday, September 19, 2025. This dividend includes a 20% withholding tax, resulting in a net dividend of 472.00 cents per share for non-exempt shareholders.