RMA is a financially sound company which continues to meet and exceed its legislated solvency requirements.
At the end of the 2015 financial year, RMA had acquired an additional 515 000 lives, increasing revenue by 79%. The additional scale created by the take-on of Class XIII, resulted in cost-efficiencies so much so that the average cost of a claim decreased by 25% while the average cost of administration per life decreased by 35%.
The Board and management of RMA remain conscious of their responsibility to ensure the financial ability of the organisation to pay benefits to those who have suffered injury or disease in the work place and to their beneficiaries, in the case of a fatality.
Annual integrated reports
While the publication of an integrated report is only a requirement for listed companies, we believe that integrated reporting supports the corporate values of the RMA Group and offers a platform to provide clear and concise information to all stakeholders.
The concepts of strategy, risk, performance and sustainability are inevitably linked and we thus strive to report across these areas in order to provide stakeholders with a true picture of the company.
We believe that our report goes a long way to meeting the requirements of integrated reporting, most importantly in providing both historic and anticipated information about the Group in a clear, accurate and transparent manner, enabling all our stakeholders to gain insight into the business of the Group.
The full financial statements of the Group have been independently audited by EY and are available on request to all our stakeholders.