Santam Ratios and Metrics

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

Millions NAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 16, 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	44,742	48,256	44,304	32,738	28,877	30,364
Market Cap Growth	-1.74%	8.92%	35.33%	13.37%	-4.90%	5.60%
Enterprise Value	46,346	51,437	44,178	33,205	29,066	30,745
PE Ratio	11.02	11.89	12.05	9.96	14.62	11.06
PS Ratio	0.73	0.79	0.78	0.77	0.68	1.00
PB Ratio	2.70	2.91	3.15	2.84	2.51	2.52
P/FCF Ratio	18.91	20.40	12.33	67.69	8.36	16.28
P/OCF Ratio	18.28	19.71	12.05	48.51	8.17	16.12
EV/Sales Ratio	0.76	0.84	0.78	0.78	0.68	1.01
EV/EBITDA Ratio	4.07	4.64	5.42	8.05	8.27	8.26
EV/EBIT Ratio	4.18	4.70	5.63	8.28	8.48	8.41
EV/FCF Ratio	19.59	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	9.07%	8.41%	8.30%	10.04%	6.84%	9.04%
FCF Yield	5.29%	4.90%	8.11%	1.48%	11.97%	6.14%
Dividend Yield	3.85%	3.93%	4.03%	5.33%	6.19%	5.94%
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	4.18%	4.26%	3.43%	5.57%	6.58%	6.06%

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