I am
pleased to report that the Company's business
progressed satisfactorily during the first
quarter ended March 31, 2006. Total gross
premiums increased by 65% during this period
as compared to corresponding figures last
year. Individual Life regular premiums of new
business increased by 28%, Individual Life
renewal premium increased by 46%, Individual
Life single premiums increased by 242%, Group
Life premium increased by 36%, Group Pension
premium increased by 21%, Accident and Health
premium increased by 37% and net investment
income increased by 113% during the 1st
quarter ended March 31, 2006 as compared to
corresponding figures last year.
During the 1st quarter ended March 31, 2006,
the annualized unit growth of our Managed Fund
was 30.96%, Pension Fund was 21.55% and
Samara Fund was 58.09%.
I wish to thank employees and field force for
their invaluable contribution towards the
satisfactory growth during the first three
months of year 2006. I also thank all
policyholders and shareholders for the
confidence reposed in NJI Life and to all
well-wishers for their support, I am
anticipating yet another remarkable
performance by NJI Life during 2006. |
