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Firm in Focus - J.S. Johnson
Through the second quarter of FY 2013 (as of June), JSJ reported net earnings of $3.50M; a $341K improvement (+10.79%) over the previous year’s comparable. Total income for the period expanded by $647K to $13.78M as a $1.29M rise in ‘net commission & fees’ was able to offset declines in ‘Net premiums earned’ (-$623K) & ‘Investment income’ (-$62K). Segment-wise, while JSJ’s underwriting business saw its contribution to the bottom-line decrease from $941K to $595K (-$346M), increased contributions from its agents & brokers’ segment were more than able to pick up the slack, growing from $2.22M to $2.91M (+$687K) resulting in the above overall rise in profitability. FIF_JSJ_-_Newspaper_Research_Update_November_2013_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

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