{"id":8424,"date":"2012-02-29T02:41:36","date_gmt":"2012-02-29T00:41:36","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-s-africas-santam-rises-on-special-dividend\/"},"modified":"2012-02-29T02:41:36","modified_gmt":"2012-02-29T00:41:36","slug":"update-1-s-africas-santam-rises-on-special-dividend","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-africas-santam-rises-on-special-dividend\/","title":{"rendered":"UPDATE 1-S.Africa&#8217;s Santam rises on special dividend"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Declares 850 cent dividend per share<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Investment returns hurt earnings<\/p>\n<p><span><\/span><\/p>\n<p>* Share up over 4 pct<\/p>\n<p> (Adds details)<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Feb 28 (Reuters) &#8211; Shares of Santam<br \/>\n jumped over 4 percent after the South African insurer<br \/>\ndeclared a special dividend and investors shrugged off an<br \/>\nexpected percent drop in full-year profit.<\/p>\n<p><span><\/span><\/p>\n<p>Santam, South Africa&#8217;s largest property and casualty<br \/>\ninsurer, said it would pay an 850 cents dividend per share<br \/>\nbecause its solvency ratio, at 48 percent, was above its<br \/>\nlong-term target of 35 to 45 percent.<\/p>\n<p><span><\/span><\/p>\n<p>Santam, which is majority owned by life insurer Sanlam<br \/>\n, also announced a 355 cents per share final dividend<br \/>\nfor the year to end-December, from 325 cents in the previous<br \/>\nperiod.<\/p>\n<p><span><\/span><\/p>\n<p>The company said full-year diluted headline earnings per<br \/>\nshare totalled 1,202 cents from 1,343 cents a year earlier.<\/p>\n<p><span><\/span><\/p>\n<p>The results were widely expected after Santam flagged this<br \/>\nmonth it saw headline EPS to fall by as much as 15 percent.<br \/>\nHeadline EPS, the main profit measure in South Africa, excludes<br \/>\ncertain one-time items.<\/p>\n<p><span><\/span><\/p>\n<p>Net insurance premium revenue totalled 14.65 billion rand,<br \/>\nan 8 percent increase from a year earlier.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Declares 850 cent dividend per share * Investment returns hurt earnings * Share up over 4 pct (Adds details) JOHANNESBURG, Feb 28 (Reuters) &#8211; Shares of Santam jumped over 4 percent after the South African insurer declared a special dividend and investors shrugged off an expected percent drop in full-year profit. Santam, South Africa&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8424","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8424"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8424\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}