ANNUAL REPORT 2018

[Pages:105]A NNUAL REPORT 2018

Our Mission

We are committed to adding value to our clients' lives through a total service experience that delivers fully integrated innovative financial, retail, and property solutions. We will secure the well-being of our team members and equity providers by conducting our business in a profitable, professional, ethical, and caring manner. We will provide dynamic leadership in the economic and social development of our communities and our nation.

Our Vision

Exceptional service is Maritime's business. We will be the premier client-focused, service-driven and action-oriented marketing organization in the Caribbean.

Table of Contents

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LEADERSHIP

A VISION FOR ALL, BUILT FROM WITHIN

RESPONSIBLE BUSINESS

An Interview with our CEO, Andrew Ferguson

DIRECTORS' REPORT

CORPORATE INFORMATION

NOTICE OF MEETING

ACTUARIAL CERTIFICATE

STATEMENT OF MANAGEMENT RESPONSIBILITIES INDEPENDENT AUDITORS' REPORT

CONSOLIDATED STATEMENT OF FINANCIAL POSITION CONSOLIDATED STATEMENT OF INCOME

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME CONSOLIDATED STATEMENT OF CHANGES IN EQUITY CONSOLIDATED STATEMENT OF CASH FLOWS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

THE MARITIME FINANCIAL GROUP | ANNUAL REPORT 2018

LEADERSHIP

A VISION FOR ALL, BUILT FROM WITHIN

For the Maritime Financial Group, true growth doesn't come by viewing our customers as clients, it comes by understanding they are family. And that's why the Maritime family and all its subsidiaries believe the future is created, not by selling products and services, but ideals and philosophies.

By adopting this approach, our organisation truly embodies what it means to have Strength on your Side, but more so, strength within.

This encourages progressive attitudes and dynamic mindsets, which in turn, will help to nurture our never-ending mission of cultivating a better tomorrow. We'll blaze trails through the financial services sector, the retail business industry and together, elevate our nation -- not through corporate social responsibility -- but Responsible Business and Corporate Social Care. It's an ever-evolving journey, but one we embrace with open arms.

ANDREW S. FERGUSON

BSc., CPCU, ARe, FLMI, AFSB

Chief Executive Officer, Chairman Maritime Life (Caribbean) Limited Director Maritime General Insurance Company Limited

JOHN H. SMITH

FCCA, CA

Chairman Maritime General Insurance Company Limited Chairman

Fidelity Finance and Leasing Company Limited

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SALAHUDEEN ALI

FCCA, CA, CPA, CGA

Chief Financial Officer The Maritime Financial Group Director Fidelity Finance and Leasing Company Limited

THE MARITIME FINANCIAL GROUP | ANNUAL REPORT 2018

DONALD GIBBON

MSc, FAPE, CEng, MICE, AIStructE

Director Maritime Life (Caribbean) Limited

Director Maritime General Insurance Company Limited

Director Fidelity Finance and Leasing Company Limited

LESLEY J. ALFONSO

MBA, BBA, FLMI

Director Maritime Life (Caribbean) Limited Director Fidelity Finance and Leasing Company Limited

SURESH DUTTA

MSc. Dip

Director Maritime General Insurance Company Limited

BALIRAM SAWH

ACII

General Manager General Insurance Company Limited

ROGER GOMES

FCCA, CA

General Manager Fidelity Finance and Leasing Company Limited

ANDRE BAPTISTE

FLMI

General Manager Career Agency Development

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THE MARITIME FINANCIAL GROUP | ANNUAL REPORT 2018

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THE MARITIME FINANCIAL GROUP | ANNUAL REPORT 2018

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THE MARITIME FINANCIAL GROUP | ANNUAL REPORT 2018

RESPONSIBLE BUSINESS

An Interview with our CEO, Andrew Ferguson

Q: This year Maritime has started referring to its "Corporate Social Responsibility" initiatives as "Responsible Business". Why the change in terminology?

A: In the local market, the term Corporate Social Responsibility, or CSR, holds a certain connotation. We primarily think of CSR as philanthropy or charitable giving. Certainly, these are important aspects of companies' CSR, but corporate responsibility is much bigger than this. By using the term "Responsible Business",

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