GoldStar Insurance Co Ltd has published its YE 2020 financial results, showing profitability up 236% on 2019. Net asset position, solvency ratio and liquidity ratio all improved, despite paying out claims in excess of UGX 16 billion during the year.
About the results
The improved performance reflects disciplined underwriting and a stronger asset base, even as the company continued to settle claims at scale during a difficult year for the industry.
About GoldStar Insurance
GoldStar Insurance Company Limited was founded in 1996 as part of the Ruparelia Group and has grown into one of Uganda's most trusted non-life insurers. The company is rated AA(UG) by GCR Ratings, holds ISO 9001:2015 certification, and is licensed and regulated by the Insurance Regulatory Authority of Uganda under licence number IN/006/2020.
