Highlights for the year ended 31 December 2021

Summary:

• A.M. Best affirms financial strength rating  A- (Excellent)
• Net result $8.8 million (2020: $21.5 million)
• Gross earned premiums $248.2 million (2020: $220.4 million)
• Gross paid claims $104.0 Million (2020: $108.7 million)
• Underlying investment return 3.6% (2020: 3.2%)
• Total surplus and reserves $255.9 million (2020: $247.1 million)
• 2021 financial year combined ratio of 95% (2020: 81%)
• Member retention 97% (2020: 97%)