FINANCIAL HIGHLIGHTS

NEM has the largest capital base and is the third largest by Gross Written Premium as at December 2005 of all the General Insurance companies in Jamaica.

1.(Current NPW - Prior NPW)/Prior NPW: Significant increases in the volume of net premiums written could indicate the company's
adoption of lenient underwriting practices by accepting higher risks at an insufficient price, thus not collecting enough premiums
for future claims. Major decreases in premiums may indicate the company's insufficient influx of premium cash to cover present
claims liabilities.

2. Net Premiums Written/Capital & Surplus (adj.): This is a measure of the company's ability to absorb ­
ratio of premiums to surplus, the greater is the potential risk borne by the company in relation to the surplus available to absorb loss
variations. It is used only to judge the magnitude of an insurer's exposure to risk through policy issuance in excess of the surplus
strain the company may be able to absorb.

3. Return on average assets: A financial measurement of the efficiency with which a business uses its assets. Return on average assets is the ratio of net income divided by average total assets.

4. Net Investment Income/Average of the Investments for the last two years: Average of the Investments for the last two years
ROI can help counterbalance poor underwriting. If ROI is lower than industry average, this may indicate that the company is mismanaging assets. Accrued Investment Income is included in the denominator.

5 Capital & Surplus (adj.)/Total Liabilities: Measures the company's leverage. The higher the ratio, the more the company is able to absorb financial distress and withstand difficult periods.

6 Actuarial Reserves/Capital & Surplus (adj.): This demonstrates the company's leveraged position. If a general company’s leverage exceeds 250%, deficiencies in the actuarial loss reserves may have a severe effect on the company's capital & surplus position.

7 Liquid Assets/Total Liabilities: A large portion of an insurer's liabilities may be subject to demands for payments in a relatively short
period of time. This ratio measures the company's ability to meet short term cash requirements. A prudent insurer will have a high
level of liquidity in its investment portfolio.