Santam

Last updated

Santam Limited
Type Public company
JSE: SNT
Industry financial services
FoundedMay 1, 1918 (1918-05-01)
Headquarters,
Key people
Tavaziva Madzinga (CEO);
Hennie Nel (CFO);
Nombulelo Moholi (Chairman)
ProductsShort-term insurance
RevenueIncrease2.svg R49.627 billion (2022) [1] :109
Decrease2.svg R2.084 billion (2022) [1] :109
Increase2.svg R33 166 million (2022) [1] :109
Total assets Increase2.svg R73.047 billion (2022) [1] :108
Total equity Decrease2.svg R11.598 billion (2022) [1] :108
OwnersSanlam (62.3% - 2022)
Number of employees
6 339 (2022)
Website www.santam.co.za

Santam is a South African financial services group that also has business interests in Malawi, Tanzania, Uganda, Zimbabwe and Zambia. [2] 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. [3] [4] [5] [6] [7]

Contents

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. [8] Santam is a subsidiary of South African financial services group Sanlam, which holds 62.3% of Santam’s shares. [1] :23 Santam released their annual financial results for 2022 on 2 March 2023. [9]

Leadership

As on 1 March 2023, Santam's executive management consists of: [1] :74

Major shareholders

Below are the group's largest shareholders as at 31 December 2022: [1] :126

Majority shareholders31 December 2022 (%)
Sanlam 62.3
Public shareholders30.85
Government Employees Pension Fund5.14
Guardian National Insurance Ltd3.84
Trustees of employees’ share scheme1.37
Directors0.03

Related Research Articles

<span class="mw-page-title-main">Legal & General</span> British multinational financial services company

Legal & General Group plc, commonly known as Legal & General, is a British multinational financial services and asset management company headquartered in London, England. Its products and services include investment management, lifetime mortgages, pensions, annuities, and life assurance. As of January 2020, it no longer provides general insurance following the sale of Legal & General Insurance to Allianz. It has operations in the United Kingdom and United States, with investment management businesses in the Gulf, Europe and Asia.

<span class="mw-page-title-main">Aviva</span> British insurance company

Aviva plc is a British multinational insurance company headquartered in London, England. It has about 18 million customers across its core markets of the United Kingdom, Ireland and Canada. In the United Kingdom, Aviva is the largest general insurer and a leading life and pensions provider. Aviva is also the second largest general insurer in Canada.

<span class="mw-page-title-main">Patrice Motsepe</span> South African businessman

Patrice Tlhopane Motsepe is a South African mining billionaire businessman. Since 12 March 2021, he has been serving as the President of the Confederation of African Football. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He sits on several company boards, including being the non-executive chairman of Harmony Gold, the world's 12th largest gold mining company, and the deputy chairman of Sanlam. In 2012, Motsepe was named South Africa's richest man, topping the Sunday Times' annual Rich List with an estimated fortune of R20.07 billion .Almost a decade later in 2020, Motsepe was ranked as the 1,307th-wealthiest person in the world by Forbes, with a reported fortune of US$2.1 billion.

<span class="mw-page-title-main">Prudential plc</span> British multinational life insurance and financial services company

Prudential plc is a British multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people.

<span class="mw-page-title-main">Zurich Insurance Group</span> Swiss insurance company

Zurich Insurance Group Ltd is a Swiss insurance company, headquartered in Zürich, and the country's largest insurer. As of 2021, the group is the world's 112th largest public company according to Forbes' Global 2000s list, and in 2011, it ranked 94th in Interbrand's top 100 brands.

Old Mutual Limited is a pan-African investment, savings, insurance, and banking group. It is listed on the Johannesburg Stock Exchange, the Zimbabwe Stock Exchange, the Namibian Stock Exchange and the Botswana Stock Exchange. It was founded in South Africa by John Fairbairn in 1845 and was demutualised and listed on the London Stock Exchange and other stock exchanges in 1999. It introduced a new strategy, called 'managed separation', that entailed the separation of its four businesses – Old Mutual Emerging Markets, Nedbank, UK-based Old Mutual Wealth and Boston-based Old Mutual Asset Management (OMAM) – into standalone entities in 2018. This led to the demerger of Quilter plc and the unbundling of its shareholding in Nedbank. The business, which is now largely based in South Africa, provides sponsorship and supports bursaries at South African universities.

<span class="mw-page-title-main">Absa Group Limited</span> South African banking conglomerate

Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange. It offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management and bank assurances.

The Investment Analyst's Society of Southern Africa is the liaison body for the financial analyst profession in South Africa. It is based in Johannesburg South Africa, with members from Cape Town, Durban and throughout the region.

Sanlam is a South African financial services group headquartered in Bellville, Western Cape, South Africa. Sanlam is the largest insurance company in Africa. It is listed on the Johannesburg Stock Exchange, the Namibian Stock Exchange and the A2X. Established in 1918 as a life insurance company, Sanlam Group has developed into a diversified financial services business. Its five business clusters comprise Sanlam Personal Finance, Sanlam Emerging Markets, Sanlam Investments, Sanlam Corporate and Santam.

<span class="mw-page-title-main">General Insurance Corporation of India</span> Indian public sector insurance company

General Insurance Corporation of India Limited, abbreviated as GIC Re, is an Indian public sector reinsurance company which has its registered office and headquarters in Mumbai. It was incorporated on 22 November 1972 under Companies Act, 1956. It was the sole nationalised reinsurance company in the Indian insurance market until the insurance market was open to foreign reinsurance players by late 2016 including companies from Germany, Switzerland and France. GIC Re's shares are listed on BSE Limited and National Stock Exchange of India Ltd.

Sanlam Kenya plc is an insurance, investment and retirement group based in Kenya.

<span class="mw-page-title-main">SORAS Group Limited</span> Insurance services group

SORAS Group Limited commonly known as SORAS, is an insurance services group. The group offers a wide range of financial products and services in insurance, property and banking in Rwanda.

<span class="mw-page-title-main">Rand Merchant Investment Holdings</span>

Rand Merchant InvestmentHoldings, also referred to as RMI Holdings, is a listed financial services investment holding company that holds various insurance brands in South Africa, Australia, China, Mauritius, New Zealand, Republic of Ireland, Singapore, the United Kingdom and the United States of America.

Momentum Metropolitan Holdings Limited, formerly MMI Holdings Limited, is a South African based financial services group that is listed on the Johannesburg Stock Exchange.

<span class="mw-page-title-main">Discovery Limited</span> South African-based financial services group

Discovery Limited is a South Africa-based financial services group that is listed on the Johannesburg Stock Exchange (JSE) with its headquarters in Sandton.

RMH, previously known as Rand Merchant Bank Holdings, is a South African diversified financial services holding company.

<span class="mw-page-title-main">MiWay Insurance</span> South African insurance company

MiWay Insurance is the first South African-based direct insurance company to offer the purchase and administration of short-term insurance policies online. MiWay was launched in 2008 as an initiative between Santam, Sanlam and PSG.

<span class="mw-page-title-main">OUTsurance Holdings</span>

OUTsurance Holdings Limited, commonly referred to as OUTsurance, is a subsidiary of OUTsurance Group Limited, a South African based financial services investment holding company. OUTsurance Holdings Limited was formed in 1998 and is an unlisted public company with headquarters in Centurion, South Africa. It is a financial services holding company based in South Africa, with subsidiaries in Australia and New Zealand.

Tavaziva Madzinga is a Zimbabwean actuary and corporate executive, who was appointed as the Group Managing Director of Britam Holdings Plc (Britam), a financial services conglomerate headquartered in Nairobi, the Kenyan capital, with subsidiaries in Kenya, Uganda, South Sudan, Rwanda, Tanzania, Malawi and Mozambique. His appointment became effective on 1 February 2021.

NICO Holdings plc is a diversified financial services group and is listed on the Malawi Stock Exchange.

References

  1. 1 2 3 4 5 6 7 8 "Santam Integrated Report 2022" (PDF). Santam. 20 March 2023.
  2. "Santam, Sanlam satisfy customers most". Fin24. 3 April 2013. Retrieved 5 September 2014.
  3. "Santam Limited JSE Share Price in Fin24". Fin24. Retrieved 5 September 2014.
  4. Mzwandile Jacks (12 August 2014). "Santam Profit Explosion Boosted By Improved Investments". Ventures Africa. Retrieved 5 September 2014.
  5. Sapa (27 August 2014). "Insurers won't pay for quake damages". The New Age Online. Retrieved 5 September 2014.
  6. "Santam Ranks 10th in the South African Top Employer 2023". Santam. 20 March 2023.
  7. "Santam delivers strong gross written premium growth and resilient net insurance results". Santam. 20 March 2023.
  8. "Short-term Insurance in South Africa". Business Day. 20 March 2023.
  9. "Santam Annual Financial Report" (PDF). Santam.