Highlights for the year ended 31 December 2023

Summary:

• A.M. Best affirms financial strength rating  A- (Excellent)
• Net result $15.9 million (2022: $5.6 million)
• Gross earned premiums $284.3 million (2022: $276.5 million)
• Gross paid claims $121.1 Million (2022: $115.0 million)
• Underlying investment return 6.3% (2022: -2.1%)
• Total surplus and reserves $277.4 million (2022: $261.5 million)
• Financial year combined ratio of 101% (2022: 90%)
• Member retention 95% (2022: 94%)