NOTES TO FINANCIAL STATEMENT

The Company has two reportable segments, as described below, which are the Company’s strategic business units. The business units are managed separately because they require different approach technology and marketing strategies. For each of the strategic business units, the Chief Operating Decision Maker reviews internal management reports on at least a quarterly basis.

The following summary describes the two main business segments:

• Underwriting of general insurance business – incorporating all classes of general insurance such as fire, marine, motor, medical, general accident and miscellaneous.
• Investments – incorporating investments in marketable equity securities and investment funds, development bonds, term deposits with banks and other securities.

Primary segment information – business segment

1. The following is an analysis of the Company’s assets, liabilities and equity by business segment:

1. Secondary segment information – revenue from underwriting departments

The following is an analysis of the Company’s gross written premiums classified by major underwriting department.

There were no transactions between the business segments during the year.