|
|
| Assets |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
| Cash and cash equivalents |
2,407,929 |
13,619,189 |
37,608,565 |
4,214,043 |
811,700 |
743,671 |
| Investments |
64,487,996 |
41,606,609 |
42,079,687 |
61,419,798 |
48,971,521 |
35,818,383 |
| Dividend income receivable |
- |
- |
- |
101,068 |
94,333 |
36,390 |
| Insurance balances receivable |
1,182,358 |
1,990,017 |
- |
118,537 |
271,795 |
96,613 |
| Income tax refund receivable |
529,735 |
112,192 |
2,423,609 |
- |
- |
- |
| Funds Withheld by Claims Administrator |
13,499,522 |
6,320,230 |
10,010,900 |
14,412,032 |
4,152,462 |
5,895,251 |
| Deferred Acquisition Costs |
5,466,299 |
4,727,757 |
4,685,654 |
2,627,755 |
2,114,618 |
1,981,617 |
| Prepaid expenses |
173,477 |
98,951 |
42,378 |
48,001 |
53,562 |
40,494 |
| Other |
5,522,610 |
5,061,970 |
3,143,054 |
- |
- |
- |
| Total Assets |
93,269,926 |
73,536,915 |
99,993,847 |
82,941,234 |
56,469,991 |
44,612,419 |
 |
| Liabilities |
| Accounts payable and accrued expenses |
4,250,688 |
2,986,074 |
1,380,752 |
1,265,239 |
637,003 |
183,060 |
| Tax Payable |
- |
297,667 |
112,912 |
1,778,792 |
1,361,679 |
442,955 |
| Provision for outstanding losses |
16,292,146 |
13,712,124 |
14,312,019 |
10,942,845 |
9,740,167 |
6,439,157 |
| Unearned premium reserve |
18,760,673 |
15,503,244 |
15,035,640 |
11,529,958 |
8,624,629 |
6,891,490 |
| Deferred tax liability |
3,631,149 |
(325,514) |
8,171,649 |
5,519,208 |
4,726,018 |
3,968,184 |
| Notepayable |
5,150,000 |
3,000,000 |
2,000,000 |
- |
- |
- |
| Commission Payable |
343,517 |
1,000,000 |
- |
- |
- |
- |
| Other |
1,044,177 |
1,045,298 |
513,700 |
- |
- |
- |
| Total Liabilities |
49,472,350 |
37,218,893 |
41,526,672 |
31,153,642 |
25,178,628 |
17,998,762 |
|
|
|
Shareholders Equity |
|
| Ordinary Share Capital |
437,685 |
437,685 |
437,685 |
400,000 |
400,000 |
400,000 |
| Contributed Surplus |
27,910,050 |
27,910,050 |
28,306,769 |
28,751,488 |
13,751,488 |
13,751,488 |
| Comprehensive Income Adjustment |
10,538,006 |
3,851,477 |
19,144,557 |
11,007,424 |
10,243,374 |
7,768,384 |
| Retained Earnings Brought Forward |
4,911,836 |
4,118,810 |
10,578,164 |
11,628,680 |
6,896,501 |
4,693,785 |
| Total Shareholders Equity |
43,797,576 |
36,318,022 |
58,467,175 |
51,787,592 |
31,291,363 |
26,613,657 |
|
|
|
|
| Total Liabilities & Shareholder Equity |
93,269,926 |
73,536,915 |
99,993,847 |
82,941,234 |
56,469,991 |
44,612,419 |
|
|
| Book Value |
100.07 |
82.98 |
133.58 |
129.47 |
78.23 |
66.53 |
| Assets Growth |
26.80% |
-26.5% |
20.6% |
46.88% |
26.58% |
80.80% |
|
|
|
|
| Shareholder Equity Growth |
20.6% |
-37.9% |
12.9% |
65.50% |
17.58% |
99.1% |
| Return on Equity |
1.8% |
1.5% |
-1.8% |
9.1% |
7.0% |
4.4% |
| Earnings Per Share |
1.81 |
1.24 |
(2.40) |
11.83 |
5.51 |
2.90 |
| Pre-tax Earnings Per Share |
2.13 |
0.99 |
(4.60) |
17.31 |
7.72 |
3.94 |
| Investments per Share |
152.84 |
126.18 |
182.07 |
164.08 |
124.46 |
91.41 |
(1) In June 2008 KIC paid a $7M non taxable dividend to the parent (KHI).
|
