|
|
| Assets |
2010 |
2009 |
2008 |
2007 |
2006 |
| Cash and cash equivalents |
1,919,981 |
2,407,929 |
13,619,189 |
37,608,565 |
4,214,043 |
| Investments |
84,062,304 |
64,487,996 |
41,606,609 |
42,079,687 |
61,419,798 |
| Dividend income receivable |
- |
- |
- |
- |
101,068 |
| Securities Receivable |
176,011 |
- |
- |
- |
- |
| Insurance balances receivable |
517,037 |
1,182,358 |
1,990,017 |
- |
118,537 |
| Income tax refund receivable |
- |
529,735 |
112,192 |
2,423,609 |
- |
| Funds Withheld by Claims Administrator |
10,493,791 |
13,499,522 |
6,320,230 |
10,010,900 |
14,412,032 |
| Deferred Acquisition Costs |
6,503,232 |
5,466,299 |
4,727,757 |
4,685,654 |
2,627,755 |
| Prepaid expenses |
203,870 |
173,477 |
98,951 |
42,378 |
48,001 |
| Other |
5,605,537 |
5,522,610 |
5,061,970 |
3,143,054 |
- |
| Total Assets |
109,481,763 |
93,269,926 |
73,536,915 |
99,993,847 |
82,941,234 |
 |
| Liabilities |
| Accounts payable and accrued expenses |
3,904,865 |
4,250,688 |
2,986,074 |
1,380,752 |
1,265,239 |
| Tax Payable |
- |
- |
297,667 |
112,912 |
1,778,792 |
| Provision for outstanding losses |
21,739,751 |
16,292,146 |
13,712,124 |
14,312,019 |
10,942,845 |
| Unearned premium reserve |
23,672,180 |
18,760,673 |
15,503,244 |
15,035,640 |
11,529,958 |
| Deferred tax liability |
5,632,737 |
3,631,149 |
(325,514) |
8,171,649 |
5,519,208 |
| Deferred Interest Earned |
24,658 |
117,699 |
- |
- |
- |
| Notepayable |
- |
3,000,000 |
3,000,000 |
2,000,000 |
- |
| Notepayable to WFB |
2,150,000 |
2,150,000 |
- |
- |
- |
| Commission Payable |
337,413 |
343,517 |
1,000,000 |
- |
- |
| Other |
1,747,991 |
926,478 |
1,045,298 |
513,700 |
- |
| Open futures contracts |
- |
- |
- |
- |
117,600 |
| Total Liabilities |
59,209,594 |
49,472,350 |
37,218,893 |
41,526,672 |
31,153,642 |
|
|
|
Shareholders Equity |
|
| Ordinary Share Capital |
437,685 |
437,685 |
437,685 |
437,685 |
400,000 |
| Contributed Surplus |
29,250,185 |
27,910,050 |
27,910,050 |
28,306,769 |
28,751,488 |
| Comprehensive Income Adjustment |
12,462,276 |
10,538,006 |
3,851,476 |
19,144,557 |
11,007,424 |
| Retained Earnings Brought Forward |
8,122,024 |
4,911,836 |
4,118,811 |
10,578,164 |
11,628,680 |
| Total Shareholders Equity |
50,272,169 |
43,797,576 |
36,318,022 |
58,467,175 |
51,787,592 |
|
|
|
|
| Total Liabilities & Shareholder Equity |
109,481,763 |
93,269,926 |
73,536,915 |
99,993,847 |
82,941,234 |
|
|
| Book Value |
114.86 |
100.07 |
82.98 |
133.58 |
129.47 |
| Assets Growth |
17.4% |
26.8% |
-26.5% |
20.6% |
46.9% |
|
|
|
|
| Shareholder Equity Growth |
14.8% |
20.6% |
-37.9% |
12.9% |
65.5% |
| Return on Equity |
6.4% |
1.8% |
1.5% |
-1.8% |
9.1% |
| Earnings Per Share |
7.33 |
1.81 |
1.24 |
(2.40) |
11.83 |
| Pre-tax Earnings Per Share |
10.24 |
2.13 |
0.99 |
(4.60) |
17.31 |
| Investments per Share |
196.45 |
152.84 |
126.18 |
182.07 |
164.08 |
(1) In June 2008 KIC paid a $7M non taxable dividend to the parent (KHI).
|
