• Dangerous games

    Employers' body Neasa is playing a potentially dangerous game, says Terry Bell.

  • Rational thinking

    All players should first consider the net result of their actions, says Leopold Scholtz.

  • Telkom's property poser

    BEE may be hindering Telkom's plans to offload redundant real estate, says Gugu Lourie.

Data provided by iNet BFA
Loading...
See More

Santam expects drop in earnings

Feb 13 2013 08:46 I-Net Bridge

Company Data

Santam Limited [JSE:SNT]

Last traded 198.50
Change -1.38
% Change -0.01
Cumulative volume 10
Market cap 23.69bn

Last Updated: 01/08/2014 at 09:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Santam expects lower earnings

Santam first-half profits rise

Santam reports surge in profit

GCR affirms rating on Santam

Santam to acquire Regent's aviation book

 

Johannesburg – Short term insurer Santam [JSE:SNT] expects its headline earnings per share (Heps) in the year to December to drop by between 15% and 20%‚ from the previous comparable period. Earnings per share in the review period are expected to be 25% to 30% lower from a year ago.

The drop in earnings is due to a decrease in underwriting results and an increase in the taxation charges‚ offset by an increase in the investment results.

In the operational update published on December 20 last year‚ the company indicated that the net underwriting margin was below the 5% to 7% medium-term target range‚ negatively affected by the adverse weather conditions in Gauteng and the Eastern Cape in the last quarter of last year and by the extensive fires in St Francis Bay in November.

The annual results are expected on February 27.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

santam
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No need to keep up with the Joneses

Fin24 users provide their own personal tips on how to save money instead of trying to keep up with the Joneses.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...