Highlights for the year ended 31 December 2019

Summary:

• A.M. Best affirms financial strength rating  A- (Excellent) 
• Net result $16.0 million (2018: $16.5 million)
• Gross earned premiums $206.2 million (2018: $195.0 million)
• Gross paid claims $117.2 Million (2018: $95.0 million)
• Underlying investment return 5.5% (2018: 1.3%)
• Total surplus and reserves $225.5 million (2018: $209.5 million)
• 2019 financial year combined ratio of 89% (2019: 87%)
• Member retention 96% (2018: 96%)