5 Year Summary
|
|
2011 |
2010 |
2009 |
2008 |
2007 |
|
Gross written premium |
2,304.1 |
2,172.5 |
1,543.9 |
1,034.0 |
1,044.7 |
|
Net written premium |
2,013.2 |
1,910.3 |
1,322.6 |
915.7 |
938.3 |
|
Net earned premium |
1,927.4 |
1,748.1 |
1,317.3 |
913.5 |
972.3 |
|
Underwriting contribution |
(146.0) |
185.6* |
355.2* |
211.4* |
343.0* |
|
Investment contribution |
40.5 |
175.0 |
207.5 |
18.0 |
157.0 |
|
Other costs |
(88.3) |
(101.4)* |
(53.6)* |
(107.8)* |
(55.0)* |
|
Loss/(profit) before tax |
(193.8) |
259.2 |
509.1 |
121.6 |
445.0 |
|
Return on equity |
(8.6)% |
13.9% |
37.0% |
7.8% |
37.8% |
|
Net assets |
1,420.4 |
1,729.9 |
1,593.1 |
1,216.1 |
1,052.3 |
|
Net tangible assets |
1,201.5 |
1,545.4 |
1,430.3 |
1,105.9 |
983.3 |
|
Per share amounts (in pence) |
|
|
|
| |
|
Earnings |
(30.3) |
45.0 |
94.1 |
17.1 |
66.3 |
|
Net assets |
287.2 |
350.6 |
322.6 |
259.5 |
220.7 |
|
Net tangible assets |
243.0 |
313.2 |
289.6 |
236.0 |
206.2 |
|
Dividend under IFRS*** |
23.0 |
20.7 |
17.5 |
16.0 |
20.8**** |
|
Dividends (paid and proposed/declared) for the calendar year*** |
23.0 |
23.0 |
20.0 |
17.0 |
5.0 |
|
Capital return via B shares |
– |
– |
– |
– |
22.4 |
|
Group operating ratios** |
|
|
|
| |
|
Claims ratio |
78% |
60% |
43% |
55% |
36% |
|
Expense ratio |
30% |
29%* |
30%* |
22%* |
28%* |
|
Combined ratio |
108% |
89%* |
73%* |
77%* |
64%* |
*
To ensure continued consistency with the management information
provided to the Board of Directors, each operating segment now
includes the insurance intermediary and service entities, which
generate income and expenses directly related to that respective
segment, and certain operating expenses have been reclassified as
underwriting expenses. Accordingly, the information in the
table above has been restated to reflect these changes.
**
Claims ratio is net claims incurred divided by net earned premium
for the year. Expense ratio is underwriting expense incurred
divided by net earned premium. The expense ratio does not include
expenses that have not been attributed to underwriting, including
employee incentive costs, or finance costs. Combined ratio is the
total of the claims and expense ratios
***
All per share dividends are the actual dividends for each share in
issue at the time.
****
Includes special dividend of 8.0 pence per share.
Source: Press
release 5 March 2012
