Our excellent financial results are a testament to our commitment to prudent underwriting practices, meticulous risk management and a resilient diversified business model. In addition, the synergy of favourable market conditions and a steadfast capital position has solidified the foundation for sustainable growth and resilience. We remain firmly committed to our core values and will continue to navigate the complex insurance landscape with financial prudence at the forefront of our operations.
Our excellent financial results are a testament to our commitment to prudent underwriting practices, meticulous risk management and a resilient diversified business model. In addition, the synergy of favourable market conditions and a steadfast capital position has solidified the foundation for sustainable growth and resilience. We remain firmly committed to our core values and will continue to navigate the complex insurance landscape with financial prudence at the forefront of our operations.
Highlights
For the six months ended
30 June 2023 and 2022
Insurance revenue (in $000's)
$178,527
vs. $177,783 in 2022*
0.4% change
Net income/(loss) (in $000's)
$13,889
vs. ($12,229) in 2022*
213.6% change
Cash dividends (in $000's)
$4,651
vs. $4,260 in 2022*
9.2% change
Net earnings per share
$1.54
vs. ($1.38) in 2022*
211.6% change
Cash dividends per share
$0.52
vs. $0.48 in 2022*
8.3% change
Annualised return on general fund assets
3.0%
vs. -2.7% in 2022*
211.1% change
Best-in-class ratings from AM Best
BF&M General Insurance Company Limited
Bermuda
BF&M Life Insurance Company Limited
Bermuda
Island Heritage Insurance Company, Ltd.
Cayman
Best in class ratings from AM Best
BF&M General Insurance Company Limited
Bermuda
BF&M Life Insurance Company Limited
Bermuda
Island Heritage Insurance Company, Ltd.
Cayman
Best-in-class ratings from AM Best
Best-in-class ratings from AM Best
