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Arope Insurance
, member of the group BLOM Bank, announced the
audited results of its operations for the year
2007. The company's financials were marked by a
substantial growth in Total Insurance Premiums. Company Assets also grew and Profit
levels increased, with further enhancement
in financial strength ratios.
The company's major 2007 Consolidated Financial
Indicators were:
Premiums increased by 27.79% to reach
USD 52.59 million.
Net
Profits
also grew by 27% to reach USD 3.14 million.
Total
Assets recorded a 42.21% growth from year-end
2006, reaching USD 157.39 million.
Shareholders'
Equity increased by 11.46 % to reach USD
37.00 million..
Return on Equity
Ratio reached 8.94%.
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