Santam Ltd. provided earnings guidance for the full year ended December 31, 2015. The company expects its headline earnings per share (HEPS) for the year ended December 31, 2015 to be between 25% (1,808 cents) to 30% (1,880 cents) above those reported for the prior period (1,446 cents). Earnings per share (EPS) for the year ended December 31, 2015 is expected to be between 48% (2,045 cents) to 53% (2,114 cents) above those reported for the prior period (1,382 cents).

The increase in HEPS and EPS has been driven by significant improvements in both insurance and investment results compared to 2014. EPS was also positively impacted by the profit on the sale of the company's 33.6% shareholding in Credit Guarantee Insurance Corporation of Africa Ltd. in October 2015.