Don Wehby, chairman of Key Insurance Company Limited.
File
Don Wehby, chairman of Key Insurance Company Limited.
1
2

Key Insurance Company swung from losses to profit for the first time in four years, clearing its accumulated debt in the process.

The general insurance company also achieved record revenue of $1.9 billion, from which it generated earnings of $152 million and flipped the previous year’s losses of $300 million, mostly due to gains made in the fourth quarter.

The earnings generated a decent return of 15 per cent on Key’s $1 billion of capital, its preliminary year-end results show.

The company, owned by the GraceKennedy group and headed by General Manager Tammara Glaves-Hucey, holds a positive outlook, with expectations of continued growth despite the pandemic.

https://jamaica-gleaner.com/article/business/20220227/key-eliminates-deficits-returns-profit#:~:text=February%2027%2C%202022%20%7C%2012%3A07%20AM