IronRock Insurance records pre-tax loss

IronRock Insurance recorded a pre-tax loss of $48.2 million for the year ended December 31.     
Gross Written Premium amounted to $127.3 million with Net Written Premium totaling $46.5 million.    
Iron Rock said in a report to the stock exchange that its operating expenses were $91 million and there were claims incurred of $1.9 million which were well below projections. 

It said its underwriting loss was $80 million, which is also better than projected.  
These results do not include any provision for Actuarial Reserves, which will be accounted for when the Actuary’s Report is received.

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