FINANCIAL HIGHLIGHTS 2014 2013 2012
Net Profit 34,642,561 31,040,342 22,148,335
Gross Premiums 220,066,816 213,165,563 202,873,969
Net Retained Premiums 79,732,032 73,455,571 60,554,961
Net Claims 33,794,374 28,034,517 28,332,036
Paid Commissions 3,845,414 3,369,383 2,783,234
General Admin. Exprenses 3,971,438 4,305,298 3,384,014
Interest 2,729,293 1,782,959 861,185
Profit on Securities 5,194,944 5,691,177 3,952,331
Total Assets 431,712,909 348,729,538 201,833,164
Securities Available for Sale 340,740,005 232,430,879 160,884,876
Liquid Assets 399,718,633 329,960,977 196,122,994
Other Assets 31,994,276 18,768,561 5,710,170
Short Term Liabilities 1,464,467 1,184,876 106,117
Long Term Liabilities 80,676,968 74,690,602 59,690,219
Total Liabilities 82,141,435 75,875,478 59,796,336
Shareholder's Equity 349,571,474 272,854,058 142,036,828
Common Shares 288,772,429 185,925,044 85,925,044
Liquidity Ratio 272.94 278.48 1,848.18
EBIT 30,613,687 27,837,862 20,718,833

Key Financial Ratios

2014 2013 2012
Total Equity 81% 78% 70%
Net Profit Margin 43% 42% 37%
ROE 9.91% 11.40% 15.60%
ROI 2.33% 3.22% 2.99%
Shareholders Capitalization 19% 21% 30%
Net Loss Ratio 42.38% 38.17% 46.79%
Expense ratio 5.00% 5.90% 5.60%
Combined Loss/ Expense Ratio 47.37% 44.03% 52.38%
Return on Revenues 18% 17% 13%
ROA 8.88% 11.28% 12.06%
EBIT MARGIN 38.40% 37.90% 34.21%

Source: 2014 Audited Financial Statements.
All amounts expressed in U.S. Dollars except as otherwise noted.

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