Klapton’s Board approve the 2024 Financial Statements
Rob Bygrave, the CFO of Klapton, confirmed that the 2024 Annual Financial Statements had been approved by the Board today. This was following the completion of the audit by SECC, a leading West African audit firm who issued a clean audit opinion.
Mr Bygrave commented that these financial statements reflected a significant growth in insurance revenue in 2024, linked to the Company’s expansion into the US market.
The Company produced a strong profit for the year, which reflected the continued application of strict underwriting criteria on the portfolio, together with containment of the cost base, although it had grown to reflect the additional headcount required to support the growth in business.