Santam (SNT) - Net Assets

Latest as of December 2025: ZAC16.58 Billion ZAC ≈ $8.81 Million USD

Based on the latest financial reports, Santam (SNT) has net assets worth ZAC16.58 Billion ZAC (≈ $8.81 Million USD) 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 ≈ $43.79 Million USD) and total liabilities (ZAC65.81 Billion ≈ $34.98 Million USD). 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. Check Santam (SNT) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Santam asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Santam (2002–2025)

The table below shows the annual net assets of Santam from 2002 to 2025. For live valuation and market cap data, see market value of Santam.

Year Net Assets Change
2025-12-31 ZAC16.58 Billion
≈ $8.81 Million		 +17.79%
2024-12-31 ZAC14.07 Billion
≈ $7.48 Million		 +23.40%
2023-12-31 ZAC11.41 Billion
≈ $6.06 Million		 -1.66%
2022-12-31 ZAC11.60 Billion
≈ $6.16 Million		 -3.85%
2021-12-31 ZAC12.06 Billion
≈ $6.41 Million		 +19.52%
2020-12-31 ZAC10.09 Billion
≈ $5.36 Million		 +0.29%
2019-12-31 ZAC10.06 Billion
≈ $5.35 Million		 +7.45%
2018-12-31 ZAC9.37 Billion
≈ $4.98 Million		 +18.19%
2017-12-31 ZAC7.92 Billion
≈ $4.21 Million		 +7.88%
2016-12-31 ZAC7.34 Billion
≈ $3.90 Million		 -14.06%
2015-12-31 ZAC8.55 Billion
≈ $4.54 Million		 +14.88%
2014-12-31 ZAC7.44 Billion
≈ $3.95 Million		 +13.90%
2013-12-31 ZAC6.53 Billion
≈ $3.47 Million		 +16.29%
2012-12-31 ZAC5.62 Billion
≈ $2.99 Million		 -8.53%
2011-12-31 ZAC6.14 Billion
≈ $3.26 Million		 +17.67%
2010-12-31 ZAC5.22 Billion
≈ $2.77 Million		 +5.67%
2009-12-31 ZAC4.94 Billion
≈ $2.62 Million		 +12.20%
2008-12-31 ZAC4.40 Billion
≈ $2.34 Million		 +5.36%
2007-12-31 ZAC4.18 Billion
≈ $2.22 Million		 -38.10%
2006-12-31 ZAC6.75 Billion
≈ $3.59 Million		 +15.35%
2005-12-31 ZAC5.85 Billion
≈ $3.11 Million		 +7.08%
2004-12-31 ZAC5.46 Billion
≈ $2.90 Million		 +36.32%
2003-12-31 ZAC4.01 Billion
≈ $2.13 Million		 +17.41%
2002-12-31 ZAC3.41 Billion
≈ $1.81 Million		 --

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
Kangwon Land
KO:035250
 $2.30 Billion
Beijing New Oriental Star Petrochemical Engineering Co Ltd
SHE:002755
 $2.30 Billion
Grupo Bafar S.A.B. de C.V
MX:BAFARB
 $2.30 Billion
Shenzhen Kangtai Biological Products Co Ltd
SHE:300601
 $2.30 Billion
SK Bioscience Co Ltd
KO:302440
 $2.30 Billion
OLAM GROUP LTD
F:K25
 $2.30 Billion
Curaleaf Holdings Inc.
TO:CURA
 $2.30 Billion
SOC.BIC UNS.ADR1/2/EO382
F:BIF0
 $2.30 Billion

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: 290.85x
  • 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 1308.29x to 290.85x 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 ZAC39652.00 x
2003-12-31 ZAC34.76 ZAC39652.00 x
2004-12-31 ZAC46.51 ZAC39652.00 x
2005-12-31 ZAC48.53 ZAC39652.00 x
2006-12-31 ZAC55.83 ZAC39652.00 x
2007-12-31 ZAC35.23 ZAC39652.00 x
2008-12-31 ZAC37.70 ZAC39652.00 x
2009-12-31 ZAC41.74 ZAC39652.00 x
2010-12-31 ZAC44.58 ZAC39652.00 x
2011-12-31 ZAC52.73 ZAC39652.00 x
2012-12-31 ZAC47.98 ZAC39652.00 x
2013-12-31 ZAC53.27 ZAC39652.00 x
2014-12-31 ZAC60.91 ZAC39652.00 x
2015-12-31 ZAC71.06 ZAC39652.00 x
2016-12-31 ZAC61.74 ZAC39652.00 x
2017-12-31 ZAC66.57 ZAC39652.00 x
2018-12-31 ZAC79.63 ZAC39652.00 x
2019-12-31 ZAC85.82 ZAC39652.00 x
2020-12-31 ZAC84.36 ZAC39652.00 x
2021-12-31 ZAC103.20 ZAC39652.00 x
2022-12-31 ZAC98.45 ZAC39652.00 x
2023-12-31 ZAC97.13 ZAC39652.00 x
2024-12-31 ZAC115.01 ZAC39652.00 x
2025-12-31 ZAC136.33 ZAC39652.00 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.

About Santam

JSE:SNT South Africa Insurance - Specialty
Market Cap
$2.30 Billion
ZAC4.33 Trillion ZAC
Market Cap Rank
#5760 Global
#44 in South Africa
Share Price
ZAC39652.00
Change (1 day)
-1.36%
52-Week Range
ZAC37777.00 - ZAC45170.00
All Time High
ZAC45170.00
Categories
Companies in South Africa Insurance - Specialty
About

Santam Ltd, together with its subsidiaries, provides various general insurance products and services to individuals, commercial, and corporate markets in South Africa, rest of Africa, and internationally. It offers personal insurance, such as car insurance, home, contents insurance, building insurance, all risk insurance, watercraft insurance, drone insurance, travel insurance, and personal legal… Read more