Santam Ltd 2023 IR
The report highlights Santam's performance for the fiscal year ended December 31, 2023, during which the company refreshed its corporate strategy and implemented a new multi-channel operating model. Despite a volatile operating environment with severe weather events, Santam settled R29.9 billion in claims and maintained a leading market share of over 24% in South Africa. The company achieved a net underwriting margin of 3.5% and an economic capital coverage ratio of 155%. Santam also made progress on its ESG commitments, including publishing its first coal position statement, improving its ClimateWise score to 73%, and maintaining its Level 1 BBBEE status.
Company: Santam Ltd
Sector: Finance & insurance
Country: South Africa
Year: 2023
Type: IR
Pages: 138
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Santam Ltd
Integrated Report
The report highlights Santam's performance for the fiscal year ended December 31, 2023, during which the company refreshed its corporate strategy and implemented a new multi-channel operating model. Despite a volatile operating environment with severe weather events, Santam settled R29.9 billion in claims and maintained a leading market share of over 24% in South Africa. The company achieved a net underwriting margin of 3.5% and an economic capital coverage ratio of 155%. Santam also made progress on its ESG commitments, including publishing its first coal position statement, improving its ClimateWise score to 73%, and maintaining its Level 1 BBBEE status.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees