Company records good profit
The 16th Annual General Assembly approved the 2006 Annual Accounts of the Company the highlight of which was US$ 2.47 million in realised profits.
Summary of Financial Performance
2006 (US$) 2005 (US$)
Gross Premiums 32,474,910 26,900,035
Underwriting Profit 979,383 1,729,416
Investments 33,825,340 21,850,094
Net Profit 2,475,386 1,837,349
Total Assets 43,965,256 37,610,326
Shareholders’ Funds 17,641,112 15,044,598
The meeting also approved a dividend payout of $500,000 to shareholders of the Company.
Download 2006 Annual Report (English)
Download 2006 Annual Report (French)
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