Notes | 2024 $ | 2023 $ | |
Assets Investments | |||
Financial investments | 11 | | |
Deposits with ceding undertakings | | ||
Reinsurers' share of technical provisions | |||
Provision for unearned premiums | 5 | | |
Claims outstanding | 5 | | |
| |||
Debtors | |||
Debtors arising out of direct insurance operations | 12 | | |
Debtors arising out of reinsurance operations | 13 | | |
Other debtors | | ||
| |||
Other assets | |||
Cash at bank and in hand | 18 | | |
Other | | ||
| |||
Prepayments and accrued income | |||
Deferred acquisition costs | 5 | | |
Other prepayments and accrued income | | ||
| |||
Total assets | |
Notes | 2024 $ | 2023 $ | |
Capital and reserves | |||
( | |||
( | |||
Technical provisions | |||
Provision for unearned premiums | 5 | ||
Claims outstanding | 5 | ||
Creditors | |||
Creditors arising out of direct insurance operations | 15 | ||
Creditors arising out of reinsurance operations | 16 | | |
Amounts owed to credit institutions | | ||
Other creditors including taxation and social security | |||
Accruals and deferred income | | ||
Total liabilities | |||
Total liabilities, capital and reserves |
Notes | 2024 $ | 2023 $ | |
Cash flows from operating activities | |||
Profit for the financial year | |||
Adjustments: | |||
Increase in gross technical provisions | |||
( | ( | ||
(Increase) in debtors | ( | ( | |
Increase in creditors | |||
(Increase)/decrease in deposits received from reinsurers | |||
Movement in other assets/liabilities | ( | ( | |
Foreign exchange | ( | ||
Investment return | ( | ( | |
Net cash flows from operating activities | | ||
Cash flows from investing activities | |||
Purchase of equity and debt instruments | ( | ||
Sale of equity and debt instruments | | ||
Investment income received | |||
Net cash flows from investing activities | ( | ||
Cash flows from financing activities | |||
Distribution of profit | ( | ||
Collection of losses | | ||
Injection/(release) of Funds in Syndicate | | ||
Other | ( | ( | |
Net cash flows from financing activities | ( | ( | |
Net increase/(decrease) in cash and cash equivalents | ( | ||
Cash and cash equivalents at the beginning of the year | | ||
Foreign exchange on cash and cash equivalents | ( | ||
Cash and cash equivalents at the end of the year | 18 |