Summarised Results
2014
USD
million
2015
USD
million
2016
USD
million
2017
USD
million
as at
Dec. 31, 2014
as at
Dec. 31, 2015
as at
Dec. 31, 2016
as at
Dec. 31, 2017
Authorised Capital
500.0 500.0 500.0 500.0
Paid Up Capital
150.0** 150.0** 150.0** 150.0**
Insurance Funds
335.9 280.1
261.3
270.8
2014
USD
million
2015
USD
million
2016
USD
million
2017
USD
million
Year ended
Dec. 31, 2014
Year ended
Dec. 31, 2015
Year ended
Dec. 31, 2016
Year ended
Dec. 31, 2017
Gross Premium Income
248.0
161.8 153.9 187.2
Net Premium Income
175.2
129.6 119.8 145.1
Earned Premium Income
171.9
142.9 119.9 136.8
Net Commission
47.0
26.5 35.9 43.4
Net Claims Incurred
104.1
81.3 75.6 93.3
Management Expenses
25.5
28.6 9.6 10.2
Investment Income
9.5
9.1 8.3 9.0
Profit/(Loss) before Tax
4.6
13.1 9.9 9.4

**Additional US$ 50 million has been alloted (February 27th, 1998) but not called.

Please contact Ms Thecla C.Baptist at thecla@labuanre.com.my for a copy of Labuan Re’s latest Annual Report.