Balance Sheet as at 31st December 2009
Fixed assets
2,961,565
2,873,612
Investments
3,626,237
3,751,177
Statutory deposit
500,000,000
500,000,000
Current Assets
1,651,693
1,359,731
Total Assets
8739495
84845206
Liabilities
-571,757,314
400,605,409
Insurance Funds
1,072,352,285
-1,116,420
Total Net Assets
6778199
6967495
Share capital
2,274,973
4,549,947
Share premium
2,663,797
388,824,000
Reserves
1,839,428
20,287,240
Shareholders funds
6778199
6967495
For the year ended 31 December 2009
Gross written premium
4,014,598
3,471,982
Net earned premium
3,179,179
3,060,100
Profit before taxation
103,518,714
492,114,446
Profit after taxation
61,811,155
406,444,446
Key Performance Information
Earnings per share Actual
1
4
Earnings per share Adjusted
1
9
For the period ended 31 December 2009
Premium received from policy holders
30,307,362
3,197,964
Cash paid to and on behalf of employees
821,222,794
-214,973
Reinsurance premium received/(paid)
32,066,050
12,049,000
Claims paid
1,072,271,935
-1,151,308
Other operating cash payments
1,072,597,935
1,072,420,301
Income and education taxes paid
1,010,241,824
1,010,931,824
Net cash (utilized on)/ from operating activities
133004130
459399000
Purchase of fixed assets
836,835,424
825,989,824
Proceeds from sale of fixed assets
2,816,100
Sale of short-term investment
38,416,475
-920,697,000
Sale of other investment
26,918,325
839,600,824
Interest received
216,154,258
286,537,000
Net cash provided by/(utilized on) investment activities
47398758
-1116053
Proceeds from share capital increase
1,132,482
Payment of dividend
618,746,824
Net cash provided by financing activities
677487000
Net increase in cash and cash equivalent
180,402,888
20,833,000
Cash and cash equivalent at 1st January 2009
66,098,000
45,265,000
Cash and cash equivalent at 31st December 2009
246500888
66098000
Investment Valuation Ratios
Operating Profit Margin(%)
Return On Capital Employed(%)
Return On Net Worth(%)
9.12%
Net Premium Income/Insurance Funds
Growth in Gross Premiums
0.16%
Growth in Underwriting Profit
Underwriting Expense Ratio
Underwriting Profit Margin
Cash Flow Indicator Ratios