Santam Ratios and Metrics

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '25 Dec 4, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Market Capitalization	47,303	44,329	32,354	28,953	30,370	28,765	Upgrade
Market Cap Growth	8.63%	37.01%	11.74%	-4.67%	5.58%	-12.19%	Upgrade
Enterprise Value	50,485	44,203	32,815	29,142	30,751	27,478	Upgrade
PE Ratio	11.56	12.05	9.96	14.62	11.06	87.97	Upgrade
PS Ratio	0.95	0.94	0.77	0.68	1.00	1.02	Upgrade
PB Ratio	3.15	3.15	2.84	2.51	2.52	2.85	Upgrade
P/FCF Ratio	11.17	12.33	67.69	8.36	16.28	-	Upgrade
P/OCF Ratio	10.85	12.05	48.51	8.17	16.12	-	Upgrade
EV/Sales Ratio	1.01	0.94	0.78	0.68	1.01	0.97	Upgrade
EV/EBITDA Ratio	6.44	7.04	8.05	8.27	8.26	13.16	Upgrade
EV/EBIT Ratio	6.67	7.19	8.28	8.48	8.41	14.87	Upgrade
EV/FCF Ratio	11.92	12.30	68.65	8.41	16.49	-	Upgrade
Debt / Equity Ratio	0.56	0.35	0.40	0.34	0.35	0.47	Upgrade
Debt / EBITDA Ratio	1.09	0.76	1.08	1.07	1.09	2.27	Upgrade
Debt / FCF Ratio	1.99	1.36	9.55	1.14	2.28	-	Upgrade
Quick Ratio	0.63	0.49	0.42	0.42	0.40	0.51	Upgrade
Current Ratio	0.81	0.64	0.64	0.74	0.79	0.80	Upgrade
Asset Turnover	0.69	0.67	0.64	0.66	0.50	0.54	Upgrade
Return on Equity (ROE)	35.19%	34.19%	23.35%	17.72%	25.60%	4.28%	Upgrade
Return on Assets (ROA)	6.41%	5.47%	3.76%	3.30%	3.75%	2.19%	Upgrade
Return on Capital (ROIC)	23.03%	21.98%	15.75%	13.51%	14.68%	8.04%	Upgrade
Earnings Yield	8.47%	8.30%	10.04%	6.84%	9.04%	1.14%	Upgrade
FCF Yield	8.95%	8.11%	1.48%	11.97%	6.14%	-0.28%	Upgrade
Dividend Yield	3.63%	4.03%	5.33%	6.19%	5.94%	-	Upgrade
Payout Ratio	40.26%	42.84%	46.38%	70.93%	17.38%	242.51%	Upgrade
Buyback Yield / Dilution	-0.40%	-0.60%	0.24%	0.39%	0.12%	0.24%	Upgrade
Total Shareholder Return	3.23%	3.43%	5.57%	6.58%	6.06%	0.24%	Upgrade

Source: S&P Capital IQ. Insurance template. Financial Sources.