Santam Balance Sheet

Financials in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Equity & Preferred Securities	4,224	3,093	2,572	2,063	3,975	3,743
Other Investments	35,144	33,853	30,221	24,795	24,388	20,610
Total Investments	58,493	54,866	46,320	38,132	35,123	33,312
Cash & Equivalents	6,616	6,385	4,819	5,387	4,496	4,383
Reinsurance Recoverable	6,001	6,780	10,087	14,005	15,278	9,405
Other Receivables	2,942	3,354	3,639	3,508	7,931	6,411
Deferred Policy Acquisition Cost	-	-	-	-	961	839
Property, Plant & Equipment	768	801	877	640	702	760
Goodwill	-	787	782	751	685	685
Other Intangible Assets	1,038	209	444	322	304	283
Long-Term Deferred Tax Assets	183	257	162	139	78	102
Other Long-Term Assets	-	-	-	1,768	-	-
Total Assets	76,041	73,439	67,130	64,652	65,558	56,180
Accounts Payable	-	1,646	1,673	1,934	1,732	2,029
Accrued Expenses	-	1,590	1,157	921	2,102	1,651
Insurance & Annuity Liabilities	4,326	3,529	2,310	1,753	141	158
Unpaid Claims	-	-	-	-	21,949	16,411
Unearned Premiums	35,289	34,690	32,340	34,468	14,091	12,460
Reinsurance Payable	5,094	5,499	5,789	4,144	966	1,412
Current Portion of Long-Term Debt	-	42	45	31	19	29
Current Portion of Leases	-	226	191	189	189	206
Short-Term Debt	956	1,053	690	739	926	867
Current Income Taxes Payable	200	305	238	334	405	171
Long-Term Debt	6,736	3,021	3,008	2,508	2,533	3,063
Long-Term Leases	745	560	633	480	575	576
Long-Term Deferred Tax Liabilities	459	259	1,103	100	85	104
Other Current Liabilities	141	6,658	5,085	4,271	443	563
Other Long-Term Liabilities	7,087	286	1,462	1,246	6,779	5,871
Total Liabilities	61,033	59,364	55,724	53,118	53,496	46,088
Common Stock	103	103	103	103	103	103
Retained Earnings	14,423	13,522	11,424	10,458	10,895	8,880
Treasury Stock	-886	-902	-845	-713	-570	-527
Comprehensive Income & Other	7	13	10	1,016	1,004	900
Total Common Equity	13,647	12,736	10,692	10,864	11,432	9,356
Minority Interest	1,361	1,339	714	670	630	736
Shareholders' Equity	15,008	14,075	11,406	11,534	12,062	10,092
Total Liabilities & Equity	76,041	73,439	67,130	64,652	65,558	56,180
Filing Date Shares Outstanding	109.17	109.14	109.14	109.6	110.16	110.32
Total Common Shares Outstanding	109.17	109.14	109.14	109.6	110.16	110.32
Total Debt	8,437	4,902	4,567	3,947	4,242	4,741
Net Cash (Debt)	-1,821	1,483	252	1,440	254	-358
Net Cash Growth	-	488.49%	-82.50%	466.93%	-	-
Net Cash Per Share	-16.48	13.39	2.29	13.05	2.29	-3.23
Book Value Per Share	125.01	116.69	97.97	99.13	103.78	84.81
Tangible Book Value	12,609	11,740	9,466	9,791	10,443	8,388
Tangible Book Value Per Share	115.50	107.56	86.74	89.34	94.80	76.04
Machinery	-	788	824	619	567	547

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.