Consolidated Income Statement
For the year ended 31 December 2008
| Notes | 2008 £m |
2007 £m |
|
Gross premium earned |
4,5 | 1,027.8 | 1,088.0 |
Reinsurance premium ceded |
4,5 | (114.3) | (115.7) |
Net earned premium revenue |
5 | 913.5 | 972.3 |
Investment return |
4,6 | 18.0 | 157.0 |
Other operating income |
2.7 | 2.8 | |
Total income |
934.2 | 1,132.1 | |
Insurance claims and claims settlement expenses |
4,7 | (627.8) | (380.1) |
Insurance claims and claims settlement expenses recoverable from reinsurers |
4,7 | 127.1 | 25.9 |
Net insurance claims |
7 | (500.7) | (354.2) |
Expenses for the acquisition of insurance contracts |
8 | (193.0) | (196.0) |
Other operating expenses |
9 | (97.7) | (116.9) |
Total expense |
(290.7) | (312.9) | |
Results of operating activities |
142.8 | 465.0 | |
Finance costs |
12 | (21.2) | (20.0) |
Profit before tax |
13 | 121.6 | 445.0 |
Tax |
14 | (41.2) | (92.2) |
Total recognised profit for the year |
80.4 | 352.8 | |
Attributable to: |
|||
Equity holders of the Parent Company |
80.3 | 352.7 | |
Minority interests |
0.1 | 0.1 | |
| 80.4 | 352.8 | ||
Earnings per share from continuing operations attributable to equity holders of the Parent Company |
|||
Basic |
28 | 17.1p | 68.8p |
Diluted |
28 | 16.9p | 68.0p |
The attached notes form an integral part of these consolidated financial statements.
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