Goldstar is one of the leading Insurance Companies in Uganda. We provide all types of General Insurance services to industrial, commercial, professional firms, Government institutions, individuals and other enterprises throughout Uganda.
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An insight into our Financial health as reported to Insurance Regulatory Authority of Uganda at 31/12/2022
Financial Performance Statement (Amounts in Ushs '000') | Dec-22 | Dec-21 | |
Gross written premium | 32,285,330 | 28,225,283 | |
Net earned premium | 9,030,725 | 7,759,299 | |
Net claims incurred | (2,646,942) | (4,292,668) | |
Net commissions incurred | 2,392,053 | 3,467,029 | |
Underwriting expenses | (5,484,130) | (5,091,243) | |
Investment income | 1,833,140 | 1,459,723 | |
Other income & expenses | (14,326) | 9,847 | |
Other expenses | (526,955) | (283,751) | |
Profit before tax | 4,583,565 | 3,028,236 |
1.Appropriate awareness and education programmes will be conducted to inform employees about AIDS and HIV which will enable them to protect themselves and others against infection by HIV. Some of these will include the families of employees and the local community
2.The Company will treat employees who are infected or affected by HIV/AIDS with empathy, care and reasonable assistance
3.It is the policy of the Company to respond to the changing health status of employees by making reasonable accommodation in the work place for those infected with HIV. Employees may continue to work as long as they are able to perform their duties safely and in accordance with accepted performance standards
Employees living with HIV/AIDS will be treated no less favourably than staff with any other serious illness/condition in terms of statutory and company benefits, work place compensation, where appropriate, and other available services
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