UK contributes to leap in profits for Santam
South African insurer Santam saw pre-tax income for 2003 increase from R435m (£35m) in 2003 to R1 221m (£98m), with an 186% increase in operating income.
Gross written premium also increased to R9 513m from R8 197m the previous year. In a statement the company said: “Several factors contributed to the substantial increase in underwriting profits, ofOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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