Willkommen auf der ITIC Webseite in deutscher Uebersetzung. Die Uebersetzung dient nur der Information. Nicht alle Seiten sind ins deutsche uebersetzt. Einige Seiten sind nur auf englisch erhaeltlich. Wenn Sie Hilfe brauchen dann melden Sie sich bitte bei uns.
| Combined ITIC and TIMIA Financial Highlights for the year ended 31st May 2022 | Year end May 2022 | Year end May 2021 |
|---|---|---|
| US$ '000s | US$ '000s | |
| Gross premiums written | 65,672 | 59,787 |
| Reinsurance premiums (excess loss) | (5,365) | (4,767) |
| Claims incurred less excess loss reinsurance recoveries | (8,517) | (24,047) |
| Operating expenses | (24,485) | (20,752) |
| Operating result for the year before continuity credit, investment result and exchange result | 27,305 | 10,221 |
| Continuity credit | (14,201) | (13,315) |
| Operating result for the year before investment result and exchange result | 13,104 | (3,094) |
| Investment result (realised and unrealised) | (6,253) | 30,356 |
| Taxation | 122 | (575) |
| Exchange gains / (losses) | 1,041 | 2,541 |
| Surplus for the year | 8,014 | 29,228 |
| Free reserves brought forward at 1st June | 213,906 | 184,678 |
| Free reserves carried forward at 31st May | 221,920 | 213,906 |
| Free reserves: | ||
| Investment funds and net assets available for outstanding claims | 290,910 | 292,661 |
| Less: Outstanding claims reserves net of reinsurance recoveries | (68,990) | (78,755) |
| Free reserves carried forward at 31st May | 221,920 | 213,906 |
Gross Premium Income
The following graph shows the growth in premium income of ITIC for the years ended 31st May:
Free Reserves Development
The reserves of the combined club at 31st May continue to grow through a strong investment performance and stable underwriting
Get a quote
Fill in the relevant proposal form to receive a quote.
Make a claim
Guidance on how to report a claim.
Talk to our experts
Contact us at ITIC.
+44 (0)20 7204 2928