Santam

Santam is a South African financial services group that also has business interests in Malawi, Tanzania, Uganda, Zimbabwe, and Zambia.[1] Santam's head office is located in Bellville in the Western Cape, South Africa.

The company is listed on the Johannesburg Stock Exchange (JSE) and is South Africa's largest short-term insurer.[2][3][4][5][6]

History

The Suid-Afrikaanse Nasionale Trust en Assuransie Maatskappy (South African National Trust and Assurance Company Limited) (Santam) was established on 1 May 1918. One month later the South African Life Assurance Company (Sanlam) was established as a full subsidiary of Santam to focus on life assurance while Santam remained focused on short-term insurance.[7]

Santam is a subsidiary of South African financial services group Sanlam, which holds 62.3% of Santam’s shares. Santam released their annual financial results for 2022 on 2 March 2023.[8]

Major shareholders

Below are the group's largest shareholders as at 31 December 2022.

References

  1. Santam, Sanlam satisfy customers most Fin24, 3 April 2013, retrieved 5 September 2014^
  2. Santam Limited JSE Share Price in Fin24 Fin24, retrieved 5 September 2014^
  3. Mzwandile Jacks. Santam Profit Explosion Boosted By Improved Investments Ventures Africa, 12 August 2014, retrieved 5 September 2014^
  4. Sapa. Insurers won't pay for quake damages The New Age Online, 27 August 2014, retrieved 5 September 2014^
  5. Santam Ranks 10th in the South African Top Employer 2023 Santam, 20 March 2023^
  6. Santam delivers strong gross written premium growth and resilient net insurance results Santam, 20 March 2023^
  7. Short-term Insurance in South Africa Business Day, 20 March 2023^
  8. Santam Annual Financial Report Santam^