Highlights for the year ended 31 December 2022

Summary:

• A.M. Best affirms financial strength rating  A- (Excellent)
• Net result $5.6 million (2021: $8.8 million)
• Gross earned premiums $276.5 million (2021: $248.2 million)
• Gross paid claims $115.0 Million (2021: $104.0 million)
• Underlying investment return -2.1% (2021: 3.6%)
• Total surplus and reserves $261.5 million (2021: $255.9 million)
• 2021 financial year combined ratio of 91% (2021: 95%)
• Member retention 94% (2021: 97%)