Santam says H1 2026 underwriting margin stays above 5%-10% target range

• Santam flagged higher interim earnings for the six months ended June 30, 2026, supported by a R590 million SGI revaluation.
• Underwriting margin stayed above the mid-point of the 5% to 10% target range despite R1.5 billion weather-related catastrophe losses.
• Conventional insurance gross written premium rose 10%, helped by double-digit growth at Miway, Santam Direct, Santam Re.
• Syndicate 1918 posted a R230 million underwriting loss due to delayed IFRS revenue recognition, expected to turn positive by year-of-account.
• Half-year results expected on or about Sept. 3, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Santam Limited published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S602140), on August 26, 2026, and is solely responsible for the information contained therein.