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Santam is a South African financial services group that also has business interests in Malawi, Tanzania, Uganda, Zimbabwe, and Zambia.[1] Santam’s head office is located in Bellville in the Western Cape, South Africa.

The company is listed on the Johannesburg Stock Exchange (JSE) and is South Africa’s largest short-term insurer.[2][3][4][5][6]

History

The Suid-Afrikaanse Nasionale Trust en Assuransie Maatskappy (South African National Trust and Assurance Company Limited) (Santam) was established on 1 May 1918. One month later the South African Life Assurance Company (Sanlam) was established as a full subsidiary of Santam to focus on life assurance while Santam remained focused on short-term insurance.[7]

Santam is a subsidiary of South African financial services group Sanlam, which holds 62.3% of Santam’s shares. Santam released their annual financial results for 2022 on 2 March 2023.[8]

Major shareholders

Below are the group’s largest shareholders as at 31 December 2022.[citation needed]

Majority shareholders 31 December 2022 (%)
Sanlam 62.3
Public shareholders 30.85
Government Employees Pension Fund 5.14
Guardian National Insurance Ltd 3.84
Trustees of employees’ share scheme 1.37
Directors 0.03

References

  1. ^ “Santam, Sanlam satisfy customers most”. Fin24. 3 April 2013. Retrieved 5 September 2014.
  2. ^ “Santam Limited JSE Share Price in Fin24”. Fin24. Retrieved 5 September 2014.
  3. ^ Mzwandile Jacks (12 August 2014). “Santam Profit Explosion Boosted By Improved Investments”. Ventures Africa. Retrieved 5 September 2014.
  4. ^ Sapa (27 August 2014). “Insurers won’t pay for quake damages”. The New Age Online. Retrieved 5 September 2014.
  5. ^ “Santam Ranks 10th in the South African Top Employer 2023”. Santam. 20 March 2023.
  6. ^ “Santam delivers strong gross written premium growth and resilient net insurance results”. Santam. 20 March 2023.
  7. ^ “Short-term Insurance in South Africa”. Business Day. 20 March 2023.
  8. ^ “Santam Annual Financial Report” (PDF). Santam.