Santam Ltd. provided earnings guidance for the six months ended 30 June 2018. The company expects its headline earnings per share (HEPS) for the six months ended 30 June 2018 to be between 1,000 cps and 1,040 cps (2017: 593 cps). This will be between 69% and 75% higher than that reported for the comparative period in 2017. Earnings per share (EPS) is also expected to be between 1,000 cps and 1,040 cps (2017: 683 cps) which is between 46% and 52% higher. The increase in HEPS and EPS has been driven by significantly improved underwriting results compared to the six months ended June 2017. The net underwriting margin is expected to be slightly above the long-term target range of 4% to 8% of net earned premiums due to improved underwriting conditions during the reporting period.