2014 Financial Annual Report

The Company continues to reach new heights in 2014 for both profit before tax and underwriting profit.

The company delivered a record breaking profit before tax of S$18.3 million, 10.4% higher than its previous record height of S$16.6 million achieved in 2013. Faced with intense competition in an open and mature market, the Company reported an underwriting profit of S$8.6 million, a decline of 9.6% over the previous year. Nevertheless, this marked the 9th consecutive year that the Company is enjoying underwriting profit as a result of its prudent underwriting discipline.