Parent Existence makes $4.8 million in revenue

The outcomes are an 87 per cent progress on 2014 when $2.2 billion was made.

Business President, Eric Hosin, said in firm remarks released Monday that the results were the result of “strategic management of the firm’s relationships with its stakeholders, the focus on new business increase, service superiority, liquidity and risk management and operational efficiency”.

Hosin said other variables helping were an upsurge in national investments linked to the operation of the Jamaican Stock Exchange.

Additionally germane, he explained, were changes in the tax regime for life insurance companies. Corporate taxation was set for year of evaluation 2015.
This replaced a gross premium tax levy at 15 per cent at three per cent and investment income tax.

Net underwriting sales of $9 billion rose by seven per cent.

Guardian suggested that in most lines of business it experienced growth during the year, while its individual life product suite enlarged.

The trade is awaiting regulatory approval.