Santam declares interim dividend, despite slump in half-year earnings

Santam managed to declare an interim dividend despite a slump in half-year earnings driven by severe flooding in KwaZulu-Natal, financial market volatility and inflationary pressures that caused claim values to spike.

Basic earnings per share fell 51% to 425c in the six months to end-June 2022 while headline earnings dropped 53% to R448m in the interim period, the Cape Town-headquartered short-term insurer said in a stock exchange filing on Thursday. Nevertheless, the group was able to declare an interim dividend of 462c, up from 432c in the previous half-year period...

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