Santam group financial results by year

Click here to view


Santam holds a BBB- rating from Standard and Poor’s (S&P) due to the sovereign downgrade of South Africa. S&P have upgraded Santam’s stand-alone credit profile to zaAA-.

In order to provide policyholders with superior security, Santam has entered in to an agreement with Munich Re of Africa, in terms of which Santam will be able to use the Munich Re licence and S&P credit rating of AA- for our international reinsurance business. Please click on this link for details of the Munich Re of Africa/Santam Agreement.

Click here for previous ratings


Santam's solvency margin of 45% remains within its long-term range of 35% to 45% and is more than double the regulatory minimum margin of 21%. Using the Chinese regulations for calculating solvency margins, Santam's margin is in excess of 230%.