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Strategic plan execution, which included product line diversification, has been the pillar of Oil Casualty Insurance, Ltd.’s methodical approach to growth. 2013 was a record setting year for OCIL in both premiums written and shareholders’ equity. The Company continued to expand and develop its core businesses, with unceasing focus and dedication to the energy industry remaining at the forefront.
OCIL made great strides in 2013. Continued execution of strategic initiatives contributed to revenue growth and greater spread of business. The Company, as of fiscal year end November 30, 2013 reached record shareholders’ equity, written premium and number of insureds.
At fiscal year end 2013, the S&P 500 index generated a 30.3% return which was more than double its return in 2012. On the international front, stocks posted a return of 23% as measured by the MSCI EAFE Index while Emerging Market stocks struggled, generating negative returns of 2.3%.