Magazine date:
Mar 2022 Santam en 2020
a turnover of 38.273 billion ZAR (2.611 billion USD),- earned premiums of 24.660 billion ZAR (1.683 billion USD), representing 7.9% of Sanlam group [4]'s total revenues,
- a net result of 686 million ZAR (47 million USD), that is, 8% of the group's profits,
- a workforce of 5 851 employees,
- a loss ratio of 68.2%,
- a combined ratio of 97.5%,
- a Standard & Poors’ rating of BB (stable).
Main technical indicators of Santam: 2016-2020
Figures in billions| 2016 | 2017 | 2018 | 2019 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ZAR | USD | ZAR | USD | ZAR | USD | ZAR | USD | ZAR | USD | |
| Gross written premiums | 25.909 | 1.895 | 29.72 | 2.4 | 33.109 | 2.292 | 35.852 | 2.55 | 38.273 | 2.611 |
| Net earned premiums | 19.826 | 1.45 | 21.435 | 1.731 | 22.812 | 1.579 | 24.227 | 1.723 | 24.66 | 1.683 |
| Shareholder’s equity | 4.536 | 0.332 | 4.83 | 0.39 | 5.818 | 0.403 | 6.479 | 0.461 | 6.354 | 0.434 |
| Net result | 0.814 | 0.06 | 0.851 | 0.069 | 1.196 | 0.083 | 1.217 | 0.087 | 0.686 | 0.047 |
| Net loss ratio | 64.90% | 65.80% | 60.30% | 62.10% | 68.20% | |||||
| Net management expenses ratio | 28.60% | 28.10% | 30.40% | 30.20% | 29.30% | |||||
| Net combined ratio | 93.50% | 93.90% | 90.70% | 92.30% | 97.50% | |||||
Santam : premiums per class of business 2016-2020
Figures in billions| 2016 | 2017 | 2018 | 2019 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ZAR | USD | ZAR | USD | ZAR | USD | ZAR | USD | ZAR | USD | |
| Motor | 11.004 | 0.805 | 12.125 | 0.979 | 12.801 | 0.886 | 13.34 | 0.949 | 13.43 | 0.916 |
| Property damage | 7.972 | 0.583 | 9 | 0.727 | 10.031 | 0.694 | 10.974 | 0.78 | 11.798 | 0.805 |
| Engineering | 1.196 | 0.088 | 1.29 | 0.104 | 1.335 | 0.092 | 1.601 | 0.114 | 1.651 | 0.113 |
| Third-party liability | 1.202 | 0.088 | 1.227 | 0.099 | 1.25 | 0.087 | 1.31 | 0.093 | 1.362 | 0.093 |
| Marine | 0.676 | 0.049 | 0.714 | 0.058 | 0.721 | 0.05 | 0.762 | 0.054 | 0.799 | 0.054 |
| Accident and health | - | - | 0.435 | 0.035 | 0.535 | 0.037 | 0.585 | 0.042 | 0.641 | 0.044 |
| Other risks | 1.453 | 0.106 | 1.062 | 0.086 | 1.038 | 0.072 | 1.153 | 0.082 | 1.417 | 0.097 |
| Total | 23.503 | 1.719 | 25.853 | 2.088 | 27.711 | 1.918 | 29.725 | 2.114 | 31.098 | 2.122 |
| Alternative risk | 2.406 | 0.176 | 3.867 | 0.312 | 5.398 | 0.374 | 6.127 | 0.436 | 7.175 | 0.489 |
| Grand total | 25.909 | 1.895 | 29.72 | 2.4 | 33.109 | 2.292 | 35.852 | 2.55 | 38.273 | 2.611 |
Exchange rate as at 31/12/2020: 1 ZAR = 0.06823 USD ; 31/12/2019: 1 ZAR = 0.07112 USD ; at 31/12/2018: 1 ZAR = 0.06923 USD ; at 31/12/2017: 1 ZAR = 0.08076 USD ; at 31/12/2016: 1 ZAR = 0.07313 USD
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