Gross Premium IncomeUGX 27.4 billion

  • Gross Premium Income

Despite a challenging economic environment during 2016, Goldstar managed to maintained market position and recorded above average premium income. Gross Premium Income has grown by over 15% in the last 5 years.

U/W ProfitUGX 3.2 billion

  • U/W Profit

Goldstar has consistently demonstrated strong underwriting profits year on year. This further highlights disciplined underwriting and excellent management of the business. Goldstar reinvests profits ensure the financial stability of the company for many years to come.

Capital Adequacy Ratio 533%

  • Capital Adequacy Ratio

Goldstar has one of the highest capital adequacy ratios (CAR) in the Ugandan Insurance Industry at over 533%. The capital adequacy ratio measure the amount of capital an insurance company has relative to the minimum requirement by the regulatory – i.e. Goldstar has over 5 times the minimum requirement, further highlighting its financial strength.

UGX 32.5 billion

  • Capital

Goldstar has one of the highest capital reserves in the Ugandan insurance industry at UGX 21.3 billion. The minimum requirement in the industry currently is UGX 4 billion for insurance companies, therefore Goldstar has significantly more than the minimum as dictated by the Regulator. Having sufficient capital gives customers greater comfort that in the event of a claim, there are enough resources to settle all claims regardless of the size.

Liquidity Ratio 382%

  • Liquidity Ratio

The Liquidity Ratio reflects a company’s ability to meet its short-term financial obligations. Goldstar has a liquidity ratio in excess of 382% which means you have the assurance that in the event of a claim, Goldstar can settle all genuine claims quickly and in a timely manner.
Loss of the size.

Solvency Ratio 1043%

  • Solvency Ratio

The Solvency Ratio reflects a company’s ability to meet its long-term financial obligations. Goldstar has consistency held a high Solvency Ratio demonstrating its deep financial strength and capacity. In 2016, the Solvency Ratio stood at over 1000%.

Management Express Ratio

  • Management Express Ratio

Management expense ratio remained low and below market average at 21% for the year ending 2016. Management expense control is important as it demonstrates efficient business operations and control on expenditure.

Loss Ratio 29%

  • Loss Ratio

Goldstar has one of the lowest loss ratios in the market, which highlights on of the key foundations of the business – prudent and disciplined underwriting. Loss ratio is the ratio between claims reported and the total premium written.

Combined Ratio 41%

  • Combined Ratio

Combined Ratio is the expenses and losses expressed as a percentage of the total premiums written. Goldstar had a combined ratio of 41% for the 2016 year, which is below the market average and significantly below the worldwide average. This further demonstrates the effective risk management procedures in place.