General Accident records highest-ever revenue despite Hurricane Melissa

KINGSTON, Jamaica — General Accident Insurance Company Jamaica Limited (GenAc) recorded its highest-ever revenue in 2025, with insurance revenue reaching $13.1 billion, a 14 per cent increase over the previous year, despite the significant financial impact of Hurricane Melissa on the group.

According to a release from the company on Monday, the record performance, outlined in its 2025 Annual Report, was accompanied by a sharp recovery in profitability, with profit after tax increasing 82 per cent year-over-year to $451.5 million. The group’s return on equity also improved from 6.5 per cent to 10.9 per cent.

General Accident attributed the results to the strength of its underwriting platform, disciplined risk selection, cost management and growing regional diversification.