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BRIEF-Santan says net underwriting margin for 4 months to April within target range
May 31, 2017 / 10:09 AM / 4 months ago

BRIEF-Santan says net underwriting margin for 4 months to April within target range

May 31 (Reuters) - Santam Ltd:

* For four month period ended 30 April 2017, achieved ‘acceptable’ underwriting results in a tough economic climate and a deteriorating claims environment

* For four month period ended 30 April 2017, growth in gross written premium was satisfactory given impact of competitive market conditions and low economic growth

* For four month period ended 30 April 2017, group achieved a net underwriting margin within target range of 4 pct to 8 pct, but below midpoint

* Operational performance of Saham finances remained in line with business plan Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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