Financial Highlights 2024

Summary:

• A.M. Best affirms financial strength rating  A- (Excellent)
• Net result $4.8 million (2023: $15.9 million)
• Gross earned premiums $284.2 million (2023: $284.3 million)
• Gross paid claims $151.0 Million (2023: $121.1 million)
• Underlying investment return 5.6% (2023: 6.3%)
• Total surplus and reserves $282.2 million (2023: $277.4 million)
• Financial year combined ratio of 106% (2023: 101%)
• Member retention 93% (2023: 95%)