Page 68 - Annual Report 2016 EN

| 68

5. Retained premium and Premiums retained increased from 39% to 65% over the 12-month
ceded premium period ending 31 December 2016 with a commensurate decrease
in reinsurance premiums.

100%

90%
80%

70%
60%
Percent 50%

Percent 40%

30%

20%
10%

0%
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016

Retained premium Reinsurance premium