Financial Highlights


Despite the challenging business environment and intense competition in the market, GNI Plc has continued to record a steady growth and improvement in performance over the years. The company’s performance has experienced remarkable improvements in the last three years as highlighted below:                                             

         

 

2016

(000)

2015

(000)

2014

(000)

            N

            N

         N

Gross Premium Written

2,124,553

3,022,321

2,731,967

Net Retained Premium

2,109,869

2,376,976

2,472,716

Claims Incurred

1,598,725

1,007,861

1,371,730

Loss Ratio

75.8%

42%

55%

Premium Ceded

483,912

442,012

340,006

Reinsures’ share of Claims       

145,567

74,670

24,051

Loss Ratio

30%

17%

7%

Underwriting Profit/(Loss)

234,479

              918,473

597,556

Investment & Other Income

452,243

                  388,484

                354,920

Net Profit/ (Loss)

(475,087)

             549,845

(101.696)

Total Assets

9,869,237

         10,620,705

10,448,750