During 2010, the Hand-in-Hand Mutual Life Assurance Company Ltd recorded a net increase in funds of $45,654,953, more than 12 times the $3,595,052 recorded the previous year. The firm, however, recorded a total comprehensive income of $297,590,638 for 2010 down from the $300,643,122 recorded in 2009.
The company’s annual statement for the year ended December 31, 2010 was published in Friday’s edition of the Stabroek News. According to the statement, the company recorded overall revenue of $396,114,552 up from last year’s figure of $326,787,435. The increase in revenue was partially driven by investment income totalling $29,904,666; some $17,890,812 of which was classified as
