The Premier Insurer Reliance Insurance and Trust Corporation (RITCORP) has posted an improved balance sheet of Le46 billion which is some Le11.8billion Leones over its 2012 figures.
The company also posted improved revenues of Le5.8billion from its insurance premiums, which grew from Le21.2billion in 2012 to Le27billion in 2013 under its non life revenue account.
Some Le14.8billion was also paid out in claims which is an increase of Le4.8billion over its 2012 figures (Le9,944,283).
The company posted a 47% increase in profit for 2013 of Le6.1billion from Le4.15billion in 2012.
Friday July 11, 2014