Key Insurance Company is reporting a 22% jump in revenues to $3.1 billion at the end of 2024.
Its insurance results fell to minus $19 million due to higher insurance claims.
The company also says as a result of this, it had to rely on investment's income, which came in at $229 million, to boost its net profits to $67 million last year.
The company is also reporting that its insurance revenues climbed by 15% during the first quarter of this year, but its insurance service result was minus $11 million.
The company's net profit, however, rose 26% to $13 million during the quarter due to an increase in other operating income and flat expenses.
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