Review
Financial management
In a time of unprecedented volatility in financial markets, our financial strength, discipline and flexibility is a key differentiator. Our capital strength allows us to respond quickly to new business opportunities.
Richard HextallGroup Finance Director
Net tangible assets
2008: £1,105.9m
2007: £983.3mCash and investments
2008: 2.4 x Shareholders’ equity
2007: 2.5 x Shareholders’ equityEffective capital management has been fundamental in enhancing Amlin’s shareholder return over recent years, while retaining capital strength to assure policyholders and to facilitate investment in future growth. Management of the balance sheet has focused on the level of capital required, the type of capital employed, improved cash and investment management and the quality of assets held.
As shown in the chart below, we have continued to grow our liquid assets and net tangible assets, despite challenging financial markets and increased natural catastrophe activity.