The South African (SA) insurer’s conventional insurance business posted a 16% rise in net earned premiums, underpinned by \u201cstrong contributions from all major divisions except for Santam Specialist Solutions,\u201d where competitive pressures hindered growth.<\/p>\n
<\/p>\n
MiWay, the group’s direct insurance unit, continued accelerating its expansion, delivering solid double-digit growth in gross written and net earned premiums.<\/p>\n
<\/p>\n
The business insurance segment performed well, while personal lines growth has also gained momentum since June 2025, the insurer said, adding that strategic partnerships significantly boosted Santam Re\u2019s growth and broker, client and partner solutions \u201crecorded good growth, in line with the performance for the first half of the 2025 financial year.\u201d<\/p>\n
<\/p>\n
The group\u2019s gross written premiums increased 10%, reflecting broad-based growth across insurance classes, excluding the impact of portfolio restructuring in Santam Re.<\/p>\n
<\/p>\n
Operationally, improved rating strength combined with a favourable claims environment contributed to underwriting margins remaining above the target range of 5% to 10%, echoing the results from the first half of the year.<\/p>\n
<\/p>\n
Santam\u2019s alternative risk transfer segment posted exceptional operating results with significant growth in fee income, underwriting profits and investment margins.<\/p>\n
<\/p>\n
However, shareholder investment returns on capital portfolios lagged expectations due to foreign currency translation losses, particularly relating to the strengthened Rand and investments in Shriram General Insurance, Santam said.<\/p>\n
<\/p>\n
Earlier this year, Santam received in-principle approval from Lloyd’s to launch its own syndicate.<\/p>\n
<\/p>\n
–Reuters–<\/p>\n","protected":false},"featured_media":15038,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-15037","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Santam saw growth across gross written premiums, net earned premiums, and underwriting margins surpass its longer-term financial targets during the first nine months of 2025, the company said on Tuesday. ","published_date":null,"news_description":"Santam saw growth across gross written premiums, net earned premiums, and underwriting margins surpass its longer-term financial targets during the first nine months of 2025, the company said on Tuesday. ","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15037\/revisions"}],"predecessor-version":[{"id":19448,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15037\/revisions\/19448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/15038"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=15037"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=15037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}