Santam maintains strong results despite storms

Despite the surge in weather-related payouts South Africa's largest short-term insurer, Santam achieved a solid financial performance for the first half of the 2026 financial year.

The company released its financial results this week.

Heavy floods in Limpopo and Mpumalanga early in the year, alongside destructive storms in the Western Cape this past May, drove up claims significantly.

The company says strict pricing discipline and risk selection allowed it to preserve its net underwriting margin at 8.1%, well within its targeted 5 to 10 percent range.

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