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Sun Insurance Company Ltd, newly listed on the stock exchange, has significantly surpassed investor expectations with remarkable financial results.
For the first nine months of the current fiscal year, which ended on September 30, 2024, the company has reported an unaudited post-tax profit of $5.06 million. This represents an extraordinary growth of 766% compared to the corresponding period of 2023, where the unaudited post-tax profit stood at $ 0.58 million. The growth in profitability is attributed to an improved claims loss ratio mainly due to lower fire claims in the current period as compared to the same period last year.
SUN Insurance Company Limited
Grnd & Level 1
Kaunikuila House,
Laucala Bay Road, Suva
Postal Address
SUN Insurance Company Limited, Private Mail Bag Suva, Fiji Islands