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Key Financial Figures

The following figures show the performance of our Non-Life business only. They have been compiled in accordance with Malaysian accounting rules:

(in thousands of MYR)* 2002 2003 2004
*1 EUR = 5.15 Malaysian Ringgit (MYR) [ 2004-12-31 ]
Gross Premium Income 215,671 211,432 221,870
Net Premium Income 150,131 153,721 213,435
Increase/(decrease) in UPR 14,273 -2,953 10,130
Gross paid losses 96,885 99,046 90,434
Gross loss reserve ( incl. IBNR) 251,535 281,297 339,589
Net loss reserve (incl. IBNR) 188,076 216,892 325,368
UW result before Man. Exp. -10,324 11,895 11,230
Gross investment income 13,683 12,777 14,673
Other income / (expenses) 6,450 2,198 3,071
UW management expenses 3,628 3,582 3,910
Operating profit/loss (after tax) 6,008 20,497 22,490
Retention ratio 69.6 % 72.7 % 96.2 %
UW Man. Exp / Net premium 2.4 % 2.3 % 1.8 %
UW Man. Exp / Gross premium 1.7 % 1.7 % 1.8 %