Sector: Financials
The company is available at Interactive Brokers
Santam (JSE:SNT) is the leading general insurer in South Africa. The company provides a diverse range of general insurance products and services in southern Africa and internationally through a network of 2,700 intermediaries and direct channels. Santam serves more than 1 million policyholders who range from individuals to commercial and specialist business owners and institutions.
Santam’s commitment to its policyholders and clients is captured in the brand promise, Insurance good and proper, which emphasises responsible and ethical insurance.
The company's five business units are:
Semi-Annual values ($m)
Change (y/y)
P / E
Potential dynamics
Santam has announced it’s acquiring MTN South Africa’s mobile device insurance book, which has about 400 000 policies.
2023-03-15 14:51 +02:00
Short-term insurer Santam has acquired the remaining 49% stake it doesn’t already own in JaSure for an undisclosed sum.
2022-06-07 11:15 +02:00
South Africa`s Supreme Court of Appeal has ruled Santam is liable to cover the impact of COVID-19 restrictions on hotel group Ma-Afrika for 18 months, rejecting the insurer`s request for a shorter time frame on the claim, Santam said on Thursday.
2021-10-07Happy Letsitsa hasn`t paid off the money he borrowed to survive a 2019 drought that ravaged his maize and sunflower farm in the South African province of Free State.
2021-07-14
South African insurer Santam Ltd said on Monday it will start processing business interruption claims for all commercial policies that were affected by a coronavirus-led lockdown in April beyond those of its hospitality and leisure division.
2021-01-25
South African insurer Santam will begin assessing payouts for some previously rejected coronavirus-related claims after recent court judgments on such cases but still intends to challenge one finding against it.
2021-01-04
A South African court on Thursday dismissed insurer Guardrisk`s appeal against a previous ruling that found it was liable pay a Cape Town cafe`s rejected coronavirus claim.
2020-12-17
* Santam to consider ruling before responding, shares down 4%
2020-11-18
A South African court on Tuesday ruled that insurer Santam should pay coronavirus-related claims made by hotel group Ma-Afrika, which it had rejected, according to a written judgement.
2020-11-17Wynand du Toit`s safari camp in South Africa`s Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his insurer rejected his COVID-19 claim.
2020-08-18
South Africa`s financial watchdog is consulting with lawyers and the insurance industry on a potential test case to clarify whether insurers should pay rejected claims from firms hit by the impact of the coronavirus, it told Reuters on Thursday.
2020-08-06
South African small businesses fighting rejected coronavirus-related claims said insurers` offers of relief are too little too late for many and could leave some already struggling to survive with nothing at all.
2020-07-30
* Many companies still without help (Recasts with Old Mutual, adds details)
2020-07-29
South African insurer Santam aims to pay out around $60 million in relief within months to clients hit by the pandemic, its CEO said on Monday, amid criticism of the sector`s handling of policies that companies thought would cover them.
2020-07-27
Virus-related claims from just over 500 small South African firms battling insurers who have rejected them are worth up to 4 billion rand ($232 million), the firm representing the businesses has calculated.
2020-07-01Two big travel insurance companies in South Africa have stopped covering tickets issued by South African Airways (SAA) against insolvency as doubts grow about whether the struggling state-owned airline can survive.
2019-11-29
