Profit Loss Account

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:                                             

         

 

 

2015

(000)

 

2014

(000)

 

2013

(000)

N

N

N

Gross Premium Written

3,022,321

2,731,967

3,046,982

Net Retained Premium

2,376,976

2,472,716

2,029,103

Claims Incurred

1,007,861

1,371,730

1,145,101

Loss Ratio

42%

55%

56%

Premium Ceded

442,012

340,006

399,502

Reinsures’ share of Claims       

74,670

24,051

362,502

Loss Ratio

17%

7%

91%

Underwriting Profit/(Loss)

918,473

597,556

655,957

Investment & Other Income

388,484

354,920

328,554

Net Profit/ (Loss)

549,845

(101.696)

4,382

Total Assets

10,620,705

10,448,750

10,056,178