Financial highlights 2021
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%)