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GBGI says on track to meet full-year premiums, net income expectations

By BFN News | 07:47 AM | Friday 10 August, 2018

International benefits insurer GBGI said Friday that it expected full-year gross written premium and net income would be in line with expectations as first-half premiums grew. The group delivered continued growth in the business across its diversified product and regional footprint during first of half 2018, recording year over year growth in gross written premium as compared to the same period in 2017, the company said. The non-recurring, one-off expenses incurred in 2018 are estimated to be approximately USD $2.8m. 'We have a strong start to the third quarter and we are confident in our business model and that we are making good progress on our 2018 initiative,' GBGI said. Story provided by

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