Financial highlights 2020

Highlights for the year ended 31 December 2020

Summary:

  • A.M. Best affirms financial strength rating  A- (Excellent)
  • Net result $21.5 million (2019: $16.0 million)
  • Gross earned premiums $220.4 million (2019: $206.2 million)
  • Gross paid claims $108.7 Million (2019: $117.2 million)
  • Underlying investment return 3.2% (2019: 5.5%)
  • Total surplus and reserves $247.1 million (2019: $225.5 million)
  • 2020financial year combined ratio of 85% (2019: 89%)
  • Member retention 97% (2018: 96%)

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  • Financial highlights 2020 (825 KB)

    02/06/2021

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Staff Author

TT Club

Date04/06/2021