Santam Ratios and Metrics

Market cap in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 1, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	43,358	48,259	44,329	32,354	28,953	30,370
Market Cap Growth	0.82%	8.87%	37.01%	11.74%	-4.67%	5.58%
Enterprise Value	44,964	51,441	44,203	32,815	29,142	30,751
PE Ratio	10.79	11.89	12.05	9.96	14.62	11.06
PS Ratio	0.71	0.79	0.78	0.77	0.68	1.00
PB Ratio	2.62	2.91	3.15	2.84	2.51	2.52
P/FCF Ratio	18.33	20.40	12.33	67.69	8.36	16.28
P/OCF Ratio	17.71	19.71	12.05	48.51	8.17	16.12
EV/Sales Ratio	0.73	0.84	0.78	0.78	0.68	1.01
EV/EBITDA Ratio	3.95	4.64	5.42	8.05	8.27	8.26
EV/EBIT Ratio	4.05	4.70	5.63	8.28	8.48	8.41
EV/FCF Ratio	19.00	21.74	12.30	68.65	8.41	16.49
Debt / Equity Ratio	0.37	0.37	0.35	0.40	0.34	0.35
Debt / EBITDA Ratio	0.55	0.55	0.60	1.08	1.07	1.09
Debt / FCF Ratio	2.60	2.60	1.36	9.55	1.14	2.28
Net Debt / Equity Ratio	0.00	0.00	-0.10	-0.02	-0.12	-0.02
Net Debt / EBITDA Ratio	0.01	0.01	-0.18	-0.06	-0.41	-0.07
Net Debt / FCF Ratio	0.03	0.03	-0.41	-0.53	-0.42	-0.14
Quick Ratio	0.41	0.41	0.49	0.42	0.42	0.40
Current Ratio	0.52	0.52	0.64	0.64	0.74	0.79
Asset Turnover	0.79	0.79	0.81	0.64	0.66	0.50
Return on Equity (ROE)	33.08%	33.08%	34.19%	23.35%	17.72%	25.60%
Return on Assets (ROA)	8.78%	8.78%	6.98%	3.76%	3.30%	3.75%
Return on Invested Capital (ROIC)	32.37%	35.29%	34.66%	16.28%	13.47%	17.93%
Earnings Yield	9.36%	8.41%	8.30%	10.04%	6.84%	9.04%
FCF Yield	5.46%	4.90%	8.11%	1.48%	11.97%	6.14%
Dividend Yield	4.23%	4.04%	4.14%	5.47%	6.37%	6.11%
Payout Ratio	41.36%	41.37%	42.84%	46.38%	70.93%	17.38%
Buyback Yield / Dilution	0.33%	0.33%	-0.60%	0.24%	0.39%	0.12%
Total Shareholder Return	4.62%	4.37%	3.54%	5.72%	6.75%	6.23%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.