BF&M announces $11.35m six month earnings – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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BF&M announces $11.35m six month earnings

BF&M Ltd today announced earnings of $11.35 million for the first half of the year a six percent rise from the $10.71 million earned in same period in 2010.

The company took in six percent more in premiums and three percent more in investment income, and also saw a double-digit percentage decrease in claims and benefits payments.

CEO John Wight said the earnings represented a 12 percent return on shareholders’ equity and added: “We were satisfied overall with the company’s financial results given the current economic climate in Bermuda which is very challenging for many of our policyholders.”

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Published September 13, 2011 at 1:00 pm (Updated September 13, 2011 at 1:00 pm)

BF&M announces $11.35m six month earnings

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