Global Bahamas Holdings Limited’s
recently-released year report
indicated a 35% increase in 1999
earnings. Total assets at year end
was $111 million.
Another highlight of the company’s
performance was the high volume of
agents qualifying for the Million
Dollar Round Table designation.
The Bahamas Investment Fund, the
investment vehicle for Global’s
Universal Life products, recorded
a total balance of just over $9
billion, invested principally in
publicly-traded stock. The Fund
produced a yield of 15.1%.