 |
| FINANCIAL HIGHLIGHTS 2000 – 2004 |
|
|
2004
£m |
|
2003
£m |
|
2002
£m |
|
2001
£m |
|
2000
£m |
|
|
| Gross premiums written |
945.6 |
|
937.4 |
|
717.1 |
|
587.4 |
|
363.3 |
|
| Net premiums written |
790.2 |
|
787.6 |
|
573.0 |
|
486.5 |
|
284.1 |
|
| Net earned premiums |
696.3 |
|
684.7 |
|
494.1 |
|
342.9 |
|
231.1 |
|
|
Operating profit (loss) before tax
(based on longer term investment returns) |
128.1 |
|
124.4 |
|
45.6 |
|
(61.7 |
) |
(5.9 |
) |
| Profit (loss) on ordinary activities before tax |
121.6 |
|
120.3 |
|
55.4 |
|
(81.5 |
) |
(26.4 |
) |
| Return on equity |
22.3 |
% |
27.0 |
% |
20.1 |
% |
(33.0 |
)% |
(8.4 |
)% |
|
| Per share amounts |
|
|
|
|
|
|
|
|
|
|
| Operating profit (loss) |
31.3 |
p |
30.9 |
p |
17.7 |
p |
(40.5 |
)p |
(9.7 |
)p |
| Earnings |
22.1 |
p |
21.6 |
p |
14.1 |
p |
(33.3 |
)p |
(9.6 |
)p |
| Net assets |
113.6 |
p |
99.3 |
p |
80.3 |
p |
66.4 |
p |
100.1 |
p |
| Net tangible assets |
99.1 |
p |
84.6 |
p |
64.5 |
p |
59.0 |
p |
93.9 |
p |
| Dividend |
8.0 |
p |
2.5 |
p |
2.0 |
p |
– |
|
4.0 |
p |
|
| Syndicate 2001 operating ratios |
|
|
|
|
|
|
|
|
|
|
| Claims ratio |
52 |
% |
51 |
% |
63 |
% |
87 |
% |
84 |
% |
| Expense ratio |
30 |
% |
32 |
% |
32 |
% |
30 |
% |
27 |
% |
| Combined ratio |
82 |
% |
83 |
% |
95 |
% |
117 |
% |
111 |
% |
|
