Santam

Santam Limited
Santam Umbrella Logo
Type	Public
Traded as	JSE: SNT
ISIN	ZAE000093779
Industry	Financial services
Founded	1 May 1918 (1 May 1918)
Headquarters	Bellville, Western Cape , South Africa
Area served	33 countries
Key people	Tavaziva Madzinga (CEO) Hennie Nel (CFO) Nombulelo Moholi (Chairman)
Services	Short-term insurance
Revenue	R56.127 billion (2025)
Operating income	R5.658 billion (2025)
Net income	R4.059 billion (2025)
Total assets	R82.392 billion (2025)
Total equity	R16.579 billion (2025)
Owners	Sanlam (62.3%)
Number of employees	6,955 (2025)
Parent	Sanlam (62.7%)
Website	santam.co.za

Santam is a South African financial services group, focused on short-term insurance. Founded in 1918 and listed on the JSE Limited, Santam is headquartered in Bellville, Western Cape.

The company has operations in 33 countries as of 2026, and is majority owned by local financial services corporation Sanlam. As of 2023, Santam is South Africa's largest short-term insurer.

History

On 1 May 1918, the Suid-Afrikaanse Nasionale Trust en Assuransie Maatskappy / South African National Trust and Assurance Company Limited (Santam) was established. One month later, the South African Life Assurance Company (Sanlam) was established as a full subsidiary of Santam, with the goal of focusing on life insurance while Santam remained focused on short-term insurance.

In October 2026, it was announced that majority shareholder Sanlam had made an offer to fully acquire Santam. The two companies issued a joint statement on the proposed deal, which would be subject to regulatory approvals. At the time of the announcement, Santam had a market capitalization of approximately R43.9 billion, making the transaction value approximately R20.7 billion.