Trading Statement – for the six months ended 30 June 2018
(Incorporated in the Republic of South Africa) Registration number: 1918/001680/06
(JSE Share Code: SNT & ISIN ZAE000093779)
NSX share code: SNM
(‘Santam’) or (“the Company”)
TRADING STATEMENT – FOR THE SIX MONTHS ENDED 30 JUNE 2018
Shareholders are advised that Santam expects its headline earnings per share (HEPS) for the
six months ended 30 June 2018 to be between 1 000 cps and 1 040 cps (2017: 593 cps). This
will be between 69% and 75% higher than that reported for the comparative period in 2017.
Earnings per share (EPS) is also expected to be between 1 000 cps and 1 040 cps (2017: 683
cps) which is between 46% and 52% higher.
The increase in HEPS and EPS has been driven by significantly improved underwriting results
compared to the six months ended June 2017. The net underwriting margin is expected to be
slightly above the long-term target range of 4% to 8% of net earned premiums due to improved
underwriting conditions during the reporting period.
The financial information on which this Trading Statement is based has not been reviewed or
reported on by Santam’s external auditors. Santam will release its reviewed results for the
period ended 30 June 2018 on 30 August 2018.
13 August 2018
Sponsor: Investec Bank Limited
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