Five year summary

For the year ended 31 December 2008

The following five year summary is provided as additional information. It has been prepared from the accounting and/or statutory records of the Group together with adjustments, as described in the notes, for changes in accounting policies made after the date on which the original data was published. This information does not form part of the statutory financial statements, but should be read in conjunction with them and the responsibilities section of the auditors’ report thereon.

2008
£m
2007
£m
2006
£m
**2005
£m
***2004
£m
Managed capacity (year of account)
825.0 1,000.0 1,000.0 850.0 1,000.0
Amlin share
825.0 1,000.0 1,000.0 850.0 1,000.0
Gross premium written
1,034.0 1,044.7 1,113.8 993.5 945.6
Net premium written (i)
915.7 938.3 1,013.5 829.3 790.2
Net earned premium (i)
913.5 972.3 973.9 822.1 722.4
Profit attributable to underwriting
222.2 355.0 267.9 137.1 106.6
Profit before tax
121.6 445.0 342.7 186.7 119.7
Equity dividends
75.6 111.1 47.4 35.6 18.0
Intangible assets
110.2 69.0 66.0 66.0 66.0
Total assets*
4,117.8 3,579.5 3,446.8 3,607.2 2,340.7
Total liabilities
2,901.7 2,527.2 2,510.4 2,822.4 1,891.5
Equity shareholders’ funds*
1,216.1 1,052.3 936.4 784.8 449.2
       
Earnings per share
         
– basic
17.1p 68.8p(ii) 50.4p 34.3p 20.7p
– diluted
16.9p 68.0p(ii) 49.8p 33.7p 20.4p
Dividends per share
16.0p 20.8p 10.4p 9.0p 4.7p
Net assets per share*
259.5p 220.7p 175.6p 148.7p 113.7p
Tangible net assets per share*
236.0p 206.2p 163.2p 136.2p 97.0p
Share price (at 31 December)
357.5p 298.0p 325.3p 248.5p 141.5p

* The indicated amounts have been restated to the current policy whereby ‘Own shares’ are deducted from equity, where they were previously classed as an asset. The per share amounts have been restated taking account of this change.

** The indicated columns above are restated under International Accounting Standards and for a change in accounting policy as per note 1 in addition to *** below.

*** The indicated columns above have been restated for the following material changes under International Accounting Standards Write back of amortisation on syndicate capacity

  • Non-monetary assets foreign exchange adjustment
  • Retirement benefit obligation recognition
  • Mid to bid market valuation of financial assets

(i) Net premium written and net earned premium exclude premium received by Amlin for the reinsurance to close of non-aligned members of Syndicate 2001.

(ii) Restated as set out in note 28 to the consolidated financial statements