Santam Ltd. provided earnings guidance for the six months ended June 30, 2014. For the period, the company expects its headline earnings per share (HEPS) to be between 115% to 125% above those reported for the prior period. Earnings per share (EPS) are expected to be between 120% and 130% above the June 2013 corresponding period.

The increase in HEPS and EPS has been driven by a substantial improvement in underwriting results compared to the comparative period in 2013, together with an improvement in investment results. The improvement in underwriting results was influenced by a turnaround in the crop insurance business compared to the significant losses recorded in 2013.