Accountability

Accounting to shareholders

Sector profile

The two principal stock market indices of which Amlin shares were a constituent over the last five years were the FTSE 250 index and the FTSE All Share Non-Life Insurance index (Insurance Index). Amlin’s total shareholder return (TSR) has significantly outperformed both these indices over the past five years, as demonstrated in the above chart. Amlin’s TSR also outperformed these indices in 2008.

Good progress
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Amlin’s increasing net tangible assets per share and relatively strong share rating are reflected in its shares having maintained a higher market capitalisation than those of its Lloyd’s peer group over recent years. Amlin’s shares remain a member of the Insurance Index but on 22 December 2008 they left the FTSE 250 and entered the FTSE 100 index for the first time. At the year end Amlin was ranked at 93 in the FTSE 350 index by market capitalisation (2007: 158). The number of shares traded on the London Stock Exchange again increased in 2008 with an average 3.0 million shares traded daily (2007: 2.6 million). This represented an average of 0.63% of Amlin’s shares traded each day (2007: 0.66%).