Financial Results
The corporate net results, based on retrospective implementation of the IFRS 17 and 9, for the year 2024 amounted to a surplus of USD 24.9 million (2023: USD 23.9 million) representing a 4% improvement on last year.
| USD MILLIONS | Actual 2024 | Actual 2023 | YOY CHANGE (%) |
|---|---|---|---|
| Corporate Net Results | 24.9 | 23.9 | 4% |
| Policyholders’ Fund (PHF) Results | 15.8 | 13.3 | 19% |
| Shareholders’ Fund (SHF) Net Income | 9.1 | 10.6 | -14% |
The Policyholders’ Fund (PHF) results amounted to a surplus of USD 15.8 million for 2024 (2023: USD 13.3 million).
The Shareholders’ Fund (SHF) contributed positively to the overall results with a net income of USD 9.1 million surplus for 2024.
You can view the full ICIEC financial performance in the 2024 Annual Report
