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Santam Limited

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Our opinion on the current state of SANTAM(SNT)Santam (SNT) is South Africa's largest short-term insurer, holding about 22% of the market. Unlike life insurers, it does not engage in endowment insurance, annuities, or investment-linked policies. Instead, Santam insures assets such as buildings and vehicles, as well as individuals against risks they cannot afford, such as income loss due to disability or death. The company covers the first R150m of any claim before relying on its reinsurance policy. It has Level 1 BEE status and employs over 6000 people. Following the Ma-Afrika judgement, Santam increased its provision for contingent business interruption (CBI) claims by R1,7bn. Santam is widely regarded as one of the JSE's most reliable and high-quality shares. The company was impacted by the civil unrest in July 2021 but has continued to show resilience. In its results for the year to 31st December 2024, the company reported revenue up 12% and headline earnings per share (HEPS) up 51%. The company said, *"Conventional insurance net earned premium (NEP) growth of 10% to R32.2 billion. Conventional insurance net underwriting margin of 7.6% (3.5% in December 2023). Alternative risk transfer (ART) profit before tax of R781 million (R516 million in December 2023). Return on shareholders' funds of 31.9%."* The share trades on a P:E of 11,46. Santam exemplifies a blue-chip stock with a strong balance sheet and a long history of steadily improving earnings. Its share price has followed a consistent upward trajectory for the past 39 years—trading at 90c in 1985 and now around R398. Given its stability and long-term performance, Santam remains a solid choice for any private investor's portfolio.
JSE:SNT
by PDSnetSA
Our opinion on the current state of SANTAM(SNT)Santam (SNT) is South Africa's largest short-term insurer, commanding approximately 22% of the market. Unlike insurers that offer endowment policies, annuities, or investment-linked products, Santam specializes in insuring tangible assets such as buildings and vehicles, as well as offering coverage for personal risks like disability or death that could result in loss of income. The company employs over 6,000 people and holds a level 1 BEE status. Santam's business model involves paying the first R150 million of any claim, with the remainder covered by its reinsurance policies. The company has demonstrated resilience, particularly in light of challenges such as the Ma-Afrika judgment, which led to an increase of R1.7 billion in its provision for contingent business interruption (CBI) claims. Additionally, the company was impacted by the civil unrest in July 2021, but it continues to maintain its position as one of the JSE's most reliable quality shares. In its results for the six months ending 30th June 2024, Santam reported a 10% increase in insurance revenue and a 35% rise in headline earnings per share (HEPS). The company attributed its resilient performance to the progress made with its FutureFit 2030 strategy and its diversified portfolio across market segments, insurance classes, and geographies, despite the challenging operating environment in its primary market. Santam currently trades on a P/E ratio of 15.45, which reflects its status as a blue-chip stock with a strong balance sheet and a long history of steadily improving earnings. The share price has shown a consistent upward trend over the past 39 years, from trading at 90 cents in 1985 to around R348 today. Given its solid track record and dependable performance, Santam is a recommended addition to any private investor's portfolio.
JSE:SNT
by PDSnetSA
Our opinion on the current state of SNTSantam, recognized as South Africa's leading short-term insurer, commands approximately 22% of the market share. Distinct from engaging in endowment insurance, annuities, or investment insurance, Santam specializes in insuring assets such as buildings and vehicles, and protecting individuals against significant risks like income loss due to disability or death. The insurer handles the initial R150 million of any claim, beyond which it depends on its reinsurance policies. Santam holds a level 1 BEE status and boasts a workforce exceeding 6,000 employees. In response to the Ma-Afrika judgement, Santam augmented its provision for contingent business interruption (CBI) by R1.7 billion, showcasing its commitment to reliability and quality, traits that have made it one of the JSE's standout shares. Despite facing challenges such as the civil unrest in July 2021, Santam demonstrated resilience and growth. For the first half of 2023, the company reported a 7% increase in gross written premiums and a return on shareholders' funds of 24%, with headline earnings per share (HEPS) rising to 1170c from 475c in the prior period. The company acknowledged the impact of weak economic growth and inflationary pressures on insurance growth prospects, alongside significant claims frequency due to adverse weather conditions, including catastrophic flooding in the Western Cape in June 2023. An operational update for the nine months ending on 30th September 2023 revealed a 7% growth in premium for conventional insurance, with gross written premiums increasing by 4%. A notable achievement during this period was the traction gained through the MTN partnership in Santam Partner Solutions, resulting in nearly 100,000 new policies sold. Looking ahead to the full year ending 31st December 2023, Santam anticipates a HEPS increase of between 17% and 37%, buoyed by strong returns on local and foreign money market and fixed interest investments, alongside the impact of a depreciating rand. Currently, the share is valued at a P/E of 12.29, underscoring its status as a prime example of a blue-chip investment, characterized by a robust balance sheet and a history of consistent earnings growth over many years. Santam's share price trajectory over the past 37 years—from 90c in 1985 to around R295 today—illustrates the company's enduring value and appeal. Given its solid financial performance and strategic positioning, Santam represents a compelling addition to any private investor's portfolio, combining stability with potential for continued growth.
JSE:SNT
by PDSnetSA
Our opinion on the current state of SNTSantam (SNT) is South Africa's largest short-term insurer with about 22% of the market. This means that it does not engage in endowment insurance, annuities or any kind of investment insurance. It insures assets, like buildings and vehicles and individuals against risks which they cannot afford such as the loss of their income through disability or death. Santam pays the first R150m of any claim and then relies on its re-insurance policy. The company has level 1 BEE status and employs more than 6000 people. Following the Ma-Afrika judgement, Santam has increased its provision for contingent business interruption (CBI) by R1,7bn. Santam rates as one of the JSE's most reliable quality shares. The company was obviously impacted by the civil unrest in July 2021. In its results for the six months to 30th June 2023 the company reported gross written premiums up 7% and return on shareholders’ funds of 24%. Headline earnings per share (HEPS) were 1170c compared with 475c in the previous period. The company said, "Insurance growth prospects were dampened by persistent weak economic growth and pressure on personal disposable income in South Africa from high consumer inflation levels and rising interest rates. Adverse weather conditions drove high claims frequency in the first quarter of 2023, followed by widespread catastrophe flooding in the Western Cape province in June". In an operational update for the 9 months to 30th September 2023 the company reported premium growth of 7% in conventional insurance with gross written premiums up by 4%. The company said, "New business written through the MTN partnership in Santam Partner Solutions continued to gain traction, with almost 100 000 new policies sold to date". The share trades on a P:E of 11,58. It is probably the best example of a blue-chip share, with a strong balance sheet and a history of steadily improving earnings year after year for many years. These facts can be seen in the steady upward trend of its share price over the past 37 years. In 1985 the share traded for 90c and today it trades for around R278. This share should be a part of any private investor's portfolio.
JSE:SNT
by PDSnetSA
Santam showing strong upside to R345 but with a warningSantam large Cup and Handle formed, broke above the brim and now is going to test the support. This will provide a conservative entry if we get a bounce back up. 7>21>200 - Bullish RSI>50 Target R345.37 The warning is that it's been moving in sideways range for over a year, and it often peaks then drops and continues. As the JSE ALSI is in a bear market at the moment (on smaller time frames) might delay the upside. But the system says go long. ABOUT Santam is a South African short-term insurance company founded in 1918, making it one of the oldest insurance companies in the country. Santam is headquartered in Cape Town, South Africa, and operates throughout the country, as well as in Namibia, Botswana, and Zimbabwe. Santam provides a wide range of insurance products, including car, home, business, and personal insurance. Santam is a subsidiary of Sanlam Limited, a leading financial services company in South Africa. Santam is the largest short-term insurer in South Africa, with a market share of around 22%.
JSE:SNTLong
by Timonrosso
SantamSantam | The share's monthly RSI has broken below an 11-year support zone and is now at the lowest levels it's been at in 18 years. For long term holders, this is not a positive technical development as it suggests a long term technical shift from bullish to moderately bearish. The key demand/supply zone of 246 has struggled to hold, opening up 214-216 as a next target, of which a failure would see R190 come in to play. This chart forms part of a larger research note. It should not be considered as financial advice.
JSE:SNT
by LD_Perspectives
JSE:SNT Santam DistributionAnother one where the distribution has completed. After going overbought when it spiked through the upper trendline a buying climax (BU) was formed in 2018. After that Santam was trading in a distribution trading range. After an upward thrust (UT) price has been unable to break above the 200 SMA and Yearly Pivot Point and formed a last point of supply (LPSY). Now the price has broken the trading range and backed up (BU). Santam is weaker than the Top 40.
JSE:SNTShort
by SteynTrade