Santam Ltd 2020 IR
The report highlights Santam's performance and resilience during the COVID-19 pandemic in 2020, including a collective relief effort of R400 million. Despite a challenging economic environment, the group achieved a conventional insurance gross written premium growth of 5% to R31.1 billion. However, underwriting results were significantly impacted by R3 billion in contingent business interruption claims and provisions, leading to a net underwriting margin of 2.5%. The company maintained a strong capital position with an economic capital coverage ratio of 161% and continued its commitment to building resilient societies through its Partnership for Risk and Resilience initiatives.
Company: Santam Ltd
Sector: Finance & insurance
Country: South Africa
Year: 2020
Type: IR
Pages: 132
Back to company
Santam Ltd
Integrated Report
The report highlights Santam's performance and resilience during the COVID-19 pandemic in 2020, including a collective relief effort of R400 million. Despite a challenging economic environment, the group achieved a conventional insurance gross written premium growth of 5% to R31.1 billion. However, underwriting results were significantly impacted by R3 billion in contingent business interruption claims and provisions, leading to a net underwriting margin of 2.5%. The company maintained a strong capital position with an economic capital coverage ratio of 161% and continued its commitment to building resilient societies through its Partnership for Risk and Resilience initiatives.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees