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A simple analytical transmission line model of a split-coaxial balun is proposed and tested. It is based on the coupled symmetric transmission line approach. The model leads to a closed-form analytical expression for the termination impedance/transfer function of the complete antenna system that includes antenna, balun, and a non-splitted coaxial line of certain length. It accepts the impedance of a center-fed symmetric antenna as input parameter. The model is in excellent agreement with full wave simulations and is confirmed by a series of prototype measurements. It can be applied to a linearly-polarized radiator or to a broadband circularly-polarized turnstile, where the phase quadrature is created by two complex-conjugate impedances. The present model only describes the impedance matching properties of the balun but is not capable of predicting the balance quality of baluns.