Skuld figures

Skuld has reported a positive half-year result of US$40 million, compared with $18 million at the half-year point in 2022/2023. The solid result, for the six months ending 20 August 2023, was driven by a strong technical result and a contribution from the investment portfolio. The technical result amounted to $21 million, an increase of $9 million from the same period last year. This resulted in a net combined ratio of 90 per cent. A strong renewal, with growth both in mutual and commercial lines of business, resulted in gross earned premiums and calls of $256 million, an increase of $28 million (12.3 per cent) compared to the previous half-year period.