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General Accident profits increase
22 February 2019

General Accident profits increase

There was an increase in profit at General Accident Insurance Company for the year ended December 31.
 
It amounted to $295 million up from $221 million in 2017.
 
General Accident says during the year, gross written premium grew to $8.7 billion, a 23 per cent increase over the previous year.
 
It reported that premium volume was driven by strong growth in the motor segment. 
 
Net earned premiums grew by 23 per cent to $1.63 billion while claims charges declined by 5.47 per cent to a little more than $1 billion.

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