16 October 2014
Company Announcement pursuant to the Listing Rules of the Malta Financial Services Authority
The following is a Company Announcement issued by Middlesea Insurance p.l.c., pursuant to the Listing Rules of the Malta Financial Services Authority.
The Board of Directors of Middlesea Insurance p.l.c. hereby announces that the results of the Group as at the end of the third quarter of 2014 reflect the positive sales trends and strong performance, reported in the interim half year review of results issued earlier in the year.
Technical results of the Holding Company remain satisfactory in spite of inherent risks and market competition. Financial markets delivered positive returns resulting in satisfactory return yields on the Group’s investment portfolios, particularly that of MSV Life p.l.c..
The results for 2014 continue to strengthen the solvency position of Middlesea Insurance p.l.c., which remains well above the regulatory requirement.
No other material events and/or transactions have been noted.
By Order of the Board