The achievement of an operating surplus of $33.4 million after distribution
First class reinsurance protection to our policyholders in a period dominated by global catastrophes
A sound insurance result with an underwriting profit of $18.8 million
Prudent management of the investment portfolio with investment income of $48.1 million and performance returns above benchmark
Sound financial security with a solvency coverage of 2.03 times the minimum required by the Australian Prudential Regulation Authority (APRA), nil borrowings and shareholders’ equity of more than $302 million
A recommendation of an ordinary dividend to shareholders of 40 cents per share
Payment of grants to the Australian Catholic Bishops Conference, Catholic Religious Australia and Catholic entity distributions of $23.8 million, bringing the total distributions in the last 33 years to $247.5 million
Implementation of strategies to achieve the corporate objectives and strengthen the company’s commitment to Serving Church
The enhancement of the company’s corporate governance framework.
