Nordica Life’s income drops in 2022
Updated: Jul 17, 2023 07:55 PM
Nordica Life reported $118,131 in net income in 2022, down from $530,195 a year earlier.
Its revenue fell to $1.1 million from $1.4 million.
Nordica Life report 2022 earnings
The insurer, which has been in operation since 1996, specialises ininvestment-linked insurance products. It is listed on the Bermuda Stock Exchange under the ticker NORD.
On a per-share basis, it earned 18 cents a share in 2022, down from 82 cents a share in 2021.
Over the stated period, total assets fell from $435 million to $303 million, with assets held for clients falling from $432 million to $299 million.
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Published July 17, 2023 at 11:15 am (Updated July 17, 2023 at 7:55 pm)
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