At NJLI our mission is to assure financial security, create awareness and achieve excellence in all aspects of the insurance business creating value for all stake-holders. In the year 2005, we made significant progress towards that goal. By almost any measure, the year was one of accomplishment for our fine company. The gross premium for the company increased by 26% from 2004. The growth in group business was around 41%, while the regular premium new business of individual life increased by 13%. The annualized unit growth of our Managed Fund during 2005 was 20.163%, Pension Fund was 9.044% and Sarmaya Fund was 46.720%. We are obviously pleased with our performance, we remain very aware of the need to continue to position our self for the future. It is very important that we continue to progress towards our mission, taking up difficult challenges and meeting our targets and objectives.
We are proud of the year's achievements and are excited about our prospects in the future. Clearly, this success would not be possible without the dedication and commitment of our employees and field force for their invaluable contributions towards meeting our goals. We need to sustain our progress and scale new heights in the forthcoming year. |
