Financial

Note

2011
£m

2010
£m

Gross earned premium

4,5

2,223.2

2,002.4

Reinsurance premium ceded

4,5

(295.8)

(254.3)

Net earned premium

4,5

1,927.4

1,748.1

Investment return

4,6

40.5

175.0

Other operating income

4

8.8

5.7

Total income

1,976.7

1,928.8

Insurance claims and claims settlement expenses

4,7

(1,869.6)

(1,168.6)

Insurance claims and claims settlement expenses recoverable from reinsurers

4,7

370.2

109.5

Net insurance claims

7

(1,499.4)

(1,059.1)

Expenses for the acquisition of insurance contracts

4,8

(380.2)

(339.1)

Other operating expenses

9

(263.0)

(244.0)

Total expenses

(643.2)

(583.1)

Results of operating activities

(165.9)

286.6

Finance costs

4,12

(27.8)

(27.4)

(Loss)/profit before tax

4,13

(193.8)

259.2

Tax

14

44.3

(37.3)

(Loss)/profit for the year

(149.5)

221.9

Attributable to:

Equity holders of the Parent Company

(149.9)

221.8

Non-controlling interests

0.4

0.1

(149.5)

221.9

Earnings per share from continuing operations attributable to equity holders of the Parent Company

Basic

25

(30.3p)

45.0p

Diluted

25

(30.3p)

44.4p