Firm In Focus - Colina Holdings Limited
Through 2Q FY2013 (as of June), CHL’s reported net earnings of $7.01M (+$51K or 0.73%) indicating the local insurance giant was well on its way to enjoying another year of solid profitability. Total revenues for the period marginally rose by $1.64M (2.10%) to $79.73M as while the firm’s investment income relative to the previous years comparable dipped by $1.37M (-9.63%), a $3.45M (+5.85%) increase in net premiums adequately accounted for the shortfall. This growth in the latter should be positively viewed by shareholders as it shows the company is still successfully writing new business in an economic environment that is still widely regarded as stagnant. FIF_Colina_Holdings_9-17-13_Web Click here for full Investment Update

CFAL, Third Floor, 308 East Bay Street, P.O.Box: CB 12407, Nassau, New Providence, The Bahamas. Tel: 242-502-7010