Summarised Results
2015
USD
million
2016
USD
million
2017
USD
million
2018
USD
million
as at
Dec. 31, 2015
as at
Dec. 31, 2016
as at
Dec. 31, 2017
as at
Dec. 31, 2018
Authorised Capital
500.0 500.0 500.0 500.0
Paid Up Capital
150.0** 150.0** 150.0** 150.0**
Insurance Funds
280.1 261.3 270.8 297.2
2015
USD
million
2016
USD
million
2017
USD
million
2018
USD
million
Year ended
Dec. 31, 2015
Year ended
Dec. 31, 2016
Year ended
Dec. 31, 2017
Year ended
Dec. 31, 2018
Gross Premium Income
161.8
153.9 187.2 206.5
Net Premium Income
129.6
119.8 145.1 159.2
Earned Premium Income
142.9
119.9 136.8 152.3
Net Commission
26.5
35.9 43.4 47.9
Net Claims Incurred
81.3
75.6 93.3 116.4
Management Expenses
28.6
9.6 10.2 12.6
Investment Income
9.1
8.3 9.0 9.7
Profit/(Loss) before Tax
13.1
9.9 9.4 -24.8

**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.