FMHL chief executive officer, Douglas Hoto FIRST Mutual Life (FML) reported a 63 percent increase in after tax profit in the six months to June from $2,6 million last year to $4,3 million driven by high returns from investment securities. FML chief executive, Douglas Hoto told analysts on Wednesday that the stock market rally had significantly contributed to the group’s bottom line. Profit on investments increased to $13 million compared to $500,000 in the same period last year. Gross premium written (GPW) increased marginally from $60,6 million in the same period last year to $61,5 million. Life assurance registered a 7 percent increase in GPW to $7,3 million while Health insurance GPW stood at $28,1 million…