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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 242,146 $ 133,439
Term deposits 179,966 172,212
Insurance receivables 179,345 166,605
Investments 470,222 438,087
Investments in associates 5,693 11,583
Reinsurance share of outstanding claims 182,248 187,485
Reinsurance share of unearned premiums 64,124 50,077
Deferred excess of loss premiums 17,238 17,095
Deferred policy acquisition costs 64,842 55,172
Deferred tax assets 471  
Other assets 9,942 9,562
Investment properties 16,308 20,012
Property, premises and equipment 14,859 13,168
Intangible assets 4,321 4,710
TOTAL ASSETS 1,451,725 1,279,207
LIABILITIES    
Gross outstanding claims 575,899 492,255
Gross unearned premiums 328,726 277,268
Insurance payables 89,519 83,461
Other liabilities 29,039 20,491
Derivative financial liability 12,938 13,628
Deferred tax liabilities 14 55
Unearned commissions 13,725 11,038
TOTAL LIABILITIES 1,049,860 898,196
EQUITY    
Common shares at par value 489 486
Share premium 159,545 157,677
Foreign currency translation reserve 992 (349)
Fair value reserve 8,215 18,160
Retained earnings 232,624 205,037
TOTAL EQUITY 401,865 381,011
TOTAL LIABILITIES AND EQUITY $ 1,451,725 $ 1,279,207