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)
• 2020 financial year combined ratio of 85% (2019: 89%)
• Member retention 97% (2019: 96%)