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Hamilton, Bermuda: 21 June 2023 - In a filing with the Bermuda Stock Exchange (the “Exchange”), BF&M Limited (the "Company"; Ticker: BFM.BH) announces dividend increase for shareholders. The full filing stated:

 

BF&M Announces Dividend Increase for Shareholders

 

Hamilton, Bermuda, 21 June 2023—BF&M Limited (“BF&M”, “the BF&M Group” or “the Company”) today announced an increase in dividends for its valued shareholders. The decision to raise dividends reflects the company's strong financial performance and its commitment to delivering long-term value to its shareholders.

 

As part of its ongoing efforts to enhance shareholder returns, BF&M has declared an increase from $0.24 to $0.28 payable to shareholders on July 14th, 2023. The decision to raise dividends aligns with the company's strategy to provide shareholders with attractive and competitive returns on their investment.

 

"We are delighted to announce an increase in dividends for our shareholders," stated Abigail Clifford, Group President and Chief Executive Officer.

 

“As BF&M continues to execute against its strategic plan and capitalise on market opportunities, it remains committed to creating long-term value for its shareholders. On behalf of our group of companies, I would like to thank our shareholders for their ongoing support and confidence in the company's vision.”

 

The BF&M Group consists of three main insurance operating companies, with the following AM Best financial strength ratings:

 

BF&M General Insurance Company Limited                    A (Excellent)                            Bermuda

BF&M Life Insurance Company Limited                          A (Excellent)                             Bermuda

Island Heritage Insurance Company, Ltd.                         A (Excellent)                            Bermuda

 

BACKGROUND

 

BF&M Limited is the holding company of the BF&M group of companies (“BF&M Group”). The two largest operating companies within the BF&M Group are BF&M Life Insurance Company Limited, a leading provider of life, health and pensions products, and BF&M General Insurance Company Limited, the leading general insurer providing all forms of property, casualty, motor and marine products. The BF&M Group includes several other companies including BF&M Investment Services Limited, BF&M Properties Limited, (including Scarborough Property Holdings Limited and Barr’s Bay Properties Limited), and Island Heritage Insurance Company, Ltd.

 

For further information contact:

 

Jennifer Brown Head of Communications

Phone: +1 441 298 2348

Email: jennifer.brown@bfm.bm

 

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