Salem Media Group, Inc. released its results for the three months ended March 31, 2023.
First Quarter 2023 Results
For the three months ended March 31, 2023 compared to the three months ended. | May 9, 2023
For the quarter ended March 31, 2023:
Direct and Assumed Policy Premiums of $1.7 billion, a 2% increase YoY
Premms earned of $1.4 billion, a 50% increase YoY
Medical Loss Ratio of 76.3%, a. | May 9, 2023
Forward-looking Information
The following discussion of our financial condition and results of operations
should be read in conjunction with our unaudited condensed consolidated
financial statements. | May 4, 2023
Statements made in this Form 10-Q that are not historical or current facts are
forward-looking statements made pursuant to the safe harbor provisions of
Section 27A of the Securities Act of 1933, as. | May 4, 2023
The first quarter of 2023 witnessed continued positive sentiments in Sri Lanka’s economic activity with the IMF approved Extended Fund Facility (EFF). Significant exchange rate appreciation, moderating inflation, a notable drop in T-bills rates and selective easing of import restrictions resulted in the Banking sector to re-align its business focus. At a time when the […]