Nassau, Bahamas – Bahamas First Holdings Ltdings Ltd., a significant increase in the group’s profit for the year ended on December 31, 2024, increased by 324 percent to $ 1.6 million per cent.
The increase in profits was partly Cayman, first managed in connection with the solution of operational problems within the health department of the Cayman Health Department. Last year, the bahamas are first aimed at resolving a claim of a claim and the resolution of reporting problems that affect the profitability of the health department. The company carried out a number of measures, including price arrangements and operational improvements that lead to a more favorable health loss rate.
In addition, efforts to solve the company’s regulatory problems helped improved performance. On December 27, 2024, the Cayman Islands Medical Insurance Commission (HIC) acknowledged efforts to resolve the company’s efforts to address the issues and the first to Kayman is an application. In the improvements, the company’s technology infrastructure includes hiring of general personnel to increase the upgrades and operations.
The Bahama operation also saw the growth, the result of the group’s insurance service and a 15 percent increase compared to the previous year. This was attributed to a claim experience that resulted in a more favorable loss in the Bahamia market.
During the year, Bahama for the first time, the results of the insurance service increased by 37 percent, increasing $ 5.4 million compared to the previous year. Group profits $ 6.9 million, the $ 1.6 million increase in the previous year increased by 324 dollars of $ 6.9 million. The total share rose to $ 0.17, above $ 0.04 in the previous year. Total assets were $ 182.8 million in December 31, 2024, compared to the previous year, compared to $ 176.2 million. Commonly comprehensive income in the previous year increased by 8 percent or $ 0.5 million.
“We are proud of the significant improvement of the financial performance of Bahama in 2024,” he said. “Increased profit and reinforcement per share, it is due to the strategic decisions and hard work of our developing market, as well as our developing market, our attention is to create a sustainable value and customer satisfaction.”
