• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

Loading...
See More

Santam first-half profits rise

Aug 31 2011 16:24 Reuters

Company Data

Santam Limited [JSE:SNT]

Last traded 230
Change 4
% Change 2
Cumulative volume 20830
Market cap 0

Last Updated: 24-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Medical aid fees to guide NHI payments

Businesses warned of UIF scam

How the NHI will change schemes

NHI to bite health insurers' profits

Discovery: NHI will boost economy

Banks not keen on deposit insurance plan

 
Johannesburg - Insurer Santam [JSE:SNT] posted a 16% rise in first-half profit on Wednesday, boosted mainly by the underwriting business but investment income fell as equity markets stayed weak.

Santam said headline earnings per share totalled 593 cents in the six months to end-June, compared with 511c in the same period a year earlier.

Gross written premiums rose to R8.2bn from the R7.7bn realised a year earlier. However, investment returns fell to R193m from R203m in the comparable period of 2010.

Santam expects both underwriting margins and investment portfolio to come under pressure in the second half of the year.

The company declared a 200c dividend for its half year, compared with 685c previously, which had included a 500c special dividend.

The short-term insurer that is majority held by Sanlam also said that it acquired a 55% stake in Mirabilis Engineering Underwriting Managers in March.

sanlam  |  financial services  |  insurance

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

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

10 most expensive cars In the world

This is car porn at its best!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

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

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...