Santam
Santam Ltd, together with its subsidiaries, provides various general insurance products for individuals and businesses in South Africa, rest of Africa, Southeast Asia, India, the Middle East, and internationally. The company offers personal insurance products, such as car, building, home contents, watercraft, travel, and drone insurance; and all risk insurance for jewelry, mobile communication de… Read more
Santam (SNT) - Net Assets
Latest net assets as of December 2025: ZAC16.58 Billion ZAC
Based on the latest financial reports, Santam (SNT) has net assets worth ZAC16.58 Billion ZAC as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC82.39 Billion) and total liabilities (ZAC65.81 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC16.58 Billion |
| % of Total Assets | 20.12% |
| Annual Growth Rate | 7.11% |
| 5-Year Change | 37.45% |
| 10-Year Change | 125.72% |
| Growth Volatility | 14.69 |
Santam - Net Assets Trend (2002–2025)
This chart illustrates how Santam's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Santam (2002–2025)
The table below shows the annual net assets of Santam from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ZAC16.58 Billion | +17.79% |
| 2024-12-31 | ZAC14.07 Billion | +23.40% |
| 2023-12-31 | ZAC11.41 Billion | -1.66% |
| 2022-12-31 | ZAC11.60 Billion | -3.85% |
| 2021-12-31 | ZAC12.06 Billion | +19.52% |
| 2020-12-31 | ZAC10.09 Billion | +0.29% |
| 2019-12-31 | ZAC10.06 Billion | +7.45% |
| 2018-12-31 | ZAC9.37 Billion | +18.19% |
| 2017-12-31 | ZAC7.92 Billion | +7.88% |
| 2016-12-31 | ZAC7.34 Billion | -14.06% |
| 2015-12-31 | ZAC8.55 Billion | +14.88% |
| 2014-12-31 | ZAC7.44 Billion | +13.90% |
| 2013-12-31 | ZAC6.53 Billion | +16.29% |
| 2012-12-31 | ZAC5.62 Billion | -8.53% |
| 2011-12-31 | ZAC6.14 Billion | +17.67% |
| 2010-12-31 | ZAC5.22 Billion | +5.67% |
| 2009-12-31 | ZAC4.94 Billion | +12.20% |
| 2008-12-31 | ZAC4.40 Billion | +5.36% |
| 2007-12-31 | ZAC4.18 Billion | -38.10% |
| 2006-12-31 | ZAC6.75 Billion | +15.35% |
| 2005-12-31 | ZAC5.85 Billion | +7.08% |
| 2004-12-31 | ZAC5.46 Billion | +36.32% |
| 2003-12-31 | ZAC4.01 Billion | +17.41% |
| 2002-12-31 | ZAC3.41 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Santam's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1583900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC15.84 Billion | 105.26% |
| Common Stock | ZAC103.00 Million | 0.68% |
| Other Comprehensive Income | ZAC-29.00 Million | -0.19% |
| Total Equity | ZAC15.05 Billion | 100.00% |
Santam Competitors by Market Cap
The table below lists competitors of Santam ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kotra Industries Bhd
KLSE:0002
|
$23.04 Million |
|
Revoil S.A
AT:REVOIL
|
$23.04 Million |
|
Tropical Canning (Thailand) Public Company Limited
BK:TC
|
$23.04 Million |
|
Intelgenx Technologs
PINK:IGXT
|
$23.05 Million |
|
Talaad Thai Leasehold Property Fund
BK:TTLPF
|
$23.03 Million |
|
Idico Infrastructure Development Investment JSC
VN:HTI
|
$23.03 Million |
|
Cloud Technologies S.A
WAR:CLD
|
$23.02 Million |
|
Four Seasons Education Cayman
NYSE:FEDU
|
$23.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Santam's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,736,000,000 to 15,047,000,000, a change of 2,311,000,000 (18.1%).
- Net income of 4,059,000,000 contributed positively to equity growth.
- Dividend payments of 1,679,000,000 reduced retained earnings.
- Share repurchases of 145,000,000 reduced equity.
- New share issuances of 18,000,000 increased equity.
- Other comprehensive income decreased equity by 42,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC4.06 Billion | +26.98% |
| Dividends Paid | ZAC1.68 Billion | -11.16% |
| Share Repurchases | ZAC145.00 Million | -0.96% |
| Share Issuances | ZAC18.00 Million | +0.12% |
| Other Comprehensive Income | ZAC-42.00 Million | -0.28% |
| Other Changes | ZAC100.00 Million | +0.66% |
| Total Change | ZAC- | 18.15% |
Book Value vs Market Value Analysis
This analysis compares Santam's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 296.33x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1332.97x to 296.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | ZAC30.31 | ZAC40400.00 | x |
| 2003-12-31 | ZAC34.76 | ZAC40400.00 | x |
| 2004-12-31 | ZAC46.51 | ZAC40400.00 | x |
| 2005-12-31 | ZAC48.53 | ZAC40400.00 | x |
| 2006-12-31 | ZAC55.83 | ZAC40400.00 | x |
| 2007-12-31 | ZAC35.23 | ZAC40400.00 | x |
| 2008-12-31 | ZAC37.70 | ZAC40400.00 | x |
| 2009-12-31 | ZAC41.74 | ZAC40400.00 | x |
| 2010-12-31 | ZAC44.58 | ZAC40400.00 | x |
| 2011-12-31 | ZAC52.73 | ZAC40400.00 | x |
| 2012-12-31 | ZAC47.98 | ZAC40400.00 | x |
| 2013-12-31 | ZAC53.27 | ZAC40400.00 | x |
| 2014-12-31 | ZAC60.91 | ZAC40400.00 | x |
| 2015-12-31 | ZAC71.06 | ZAC40400.00 | x |
| 2016-12-31 | ZAC61.74 | ZAC40400.00 | x |
| 2017-12-31 | ZAC66.57 | ZAC40400.00 | x |
| 2018-12-31 | ZAC79.63 | ZAC40400.00 | x |
| 2019-12-31 | ZAC85.82 | ZAC40400.00 | x |
| 2020-12-31 | ZAC84.36 | ZAC40400.00 | x |
| 2021-12-31 | ZAC103.20 | ZAC40400.00 | x |
| 2022-12-31 | ZAC98.45 | ZAC40400.00 | x |
| 2023-12-31 | ZAC97.13 | ZAC40400.00 | x |
| 2024-12-31 | ZAC115.01 | ZAC40400.00 | x |
| 2025-12-31 | ZAC136.33 | ZAC40400.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Santam utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 26.98%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.63%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 5.48x
- Recent ROE (26.98%) is above the historical average (23.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 9.46% | 5.46% | 0.66x | 2.64x | ZAC-18.37 Million |
| 2003 | 21.86% | 11.62% | 0.70x | 2.71x | ZAC469.37 Million |
| 2004 | 32.99% | 19.81% | 0.72x | 2.32x | ZAC1.24 Billion |
| 2005 | 31.45% | 9.04% | 1.34x | 2.59x | ZAC1.23 Billion |
| 2006 | 28.17% | 17.12% | 0.65x | 2.54x | ZAC1.20 Billion |
| 2007 | 25.96% | 8.65% | 0.69x | 4.32x | ZAC645.50 Million |
| 2008 | 16.98% | 5.89% | 0.75x | 3.86x | ZAC297.60 Million |
| 2009 | 23.27% | 7.81% | 0.84x | 3.56x | ZAC636.50 Million |
| 2010 | 34.90% | 11.79% | 0.86x | 3.46x | ZAC1.28 Billion |
| 2011 | 23.28% | 8.87% | 0.85x | 3.10x | ZAC801.40 Million |
| 2012 | 18.64% | 5.87% | 0.89x | 3.58x | ZAC476.10 Million |
| 2013 | 18.26% | 6.03% | 0.82x | 3.69x | ZAC506.80 Million |
| 2014 | 22.52% | 8.13% | 0.77x | 3.59x | ZAC878.00 Million |
| 2015 | 29.06% | 11.10% | 0.76x | 3.45x | ZAC1.54 Billion |
| 2016 | 17.63% | 5.53% | 0.75x | 4.26x | ZAC524.40 Million |
| 2017 | 22.47% | 6.85% | 0.63x | 5.22x | ZAC925.20 Million |
| 2018 | 27.40% | 9.28% | 0.58x | 5.09x | ZAC1.54 Billion |
| 2019 | 23.05% | 7.88% | 0.57x | 5.16x | ZAC1.24 Billion |
| 2020 | 3.50% | 1.15% | 0.50x | 6.00x | ZAC-608.60 Million |
| 2021 | 24.01% | 8.92% | 0.47x | 5.73x | ZAC1.60 Billion |
| 2022 | 18.23% | 6.11% | 0.44x | 6.72x | ZAC893.60 Million |
| 2023 | 30.40% | 7.74% | 0.63x | 6.28x | ZAC2.18 Billion |
| 2024 | 28.89% | 7.34% | 0.68x | 5.77x | ZAC2.41 Billion |
| 2025 | 26.98% | 6.63% | 0.74x | 5.48x | ZAC2.55 Billion |
Industry Comparison
This section compares Santam's net assets metrics with peer companies in the Insurance - Specialty industry.
No peer company data available for comparison.