Santam Ltd 2021 IR
The report highlights Santam's performance and strategic progress in 2021, focusing on its 'Building a FutureFit Santam' strategy. Despite challenges from the COVID-19 pandemic, civil unrest, and extreme weather events, the company achieved a conventional insurance gross written premium growth of 5% to R32.7 billion and a net underwriting margin of 8.0%. Santam demonstrated strong corporate citizenship by paying a record R24.5 billion in claims, including R3.2 billion in contingent business interruption claims. Additionally, the company maintained its Level 1 BBBEE rating, secured employment for 6,025 people, and became a signatory to the Task Force on Climate-related Financial Disclosures (TCFD), publishing its inaugural TCFD report.
Company: Santam Ltd
Sector: Finance & insurance
Country: South Africa
Year: 2021
Type: IR
Pages: 102
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Santam Ltd
Integrated Report
The report highlights Santam's performance and strategic progress in 2021, focusing on its 'Building a FutureFit Santam' strategy. Despite challenges from the COVID-19 pandemic, civil unrest, and extreme weather events, the company achieved a conventional insurance gross written premium growth of 5% to R32.7 billion and a net underwriting margin of 8.0%. Santam demonstrated strong corporate citizenship by paying a record R24.5 billion in claims, including R3.2 billion in contingent business interruption claims. Additionally, the company maintained its Level 1 BBBEE rating, secured employment for 6,025 people, and became a signatory to the Task Force on Climate-related Financial Disclosures (TCFD), publishing its inaugural TCFD report.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
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