Gross Written Premiums increased 10%, with double-digit growth from Miway, Santam Direct, Santam Re and Santam Partner Solutions. The conventional insurance business still delivered an underwriting margin above the midpoint of the 5 to 10% target range, despite a huge increase in catastrophe and large claims. Weather-related catastrophe losses and other large claims jumped to R1.5bn from just R144m in H1 2025.
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