TM's 2009 Results
Strong position and operational turnaround.Highlights for the year 2009
Sigurdur Vidarsson, TM‘s President and CEO:
"In light of current economic and competitive conditions, TM‘s growth and profit in the year 2009 was satisfactory. Insurance premium revenue increased by 5% while profit from insurance operations increased at the same time. Streamlining operations in 2009 successfylly reduced operational expenses considerably. TM‘s investment profit has seen a significant turnaround and the company‘s financial position remains solid. TM‘s strengths lie in its great relationship with its client base and our objectives going forward are to take full advantage of the numerous opportunities available to TM in Iceland‘s domestic insurance market."