Financial statements

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.

	2006 £m	**2005 (restated) £m	**2004 £m	***2003 £m	***2002 £m
Managed capacity (year of account)	1,000.0	850.0	1,000.0	999.6	799.7
Amlin share	1,000.0	850.0	1,000.0	861.4	578.3
Gross premium written	1,113.8	993.5	945.6	937.4	717.1
Net premium written (i)	1,013.5	829.3	790.2	787.6	573.0
Net earned premium (i)	973.9	822.1	722.4	787.6	493.3
Profit attributable to underwriting	267.9	137.1	106.6	117.1	17.1
Profit before tax	342.7	186.7	119.7	117.8	44.8
Equity dividends	47.4	35.6	18.0	8.0	2.9
Intangible assets	66.0	66.0	66.0	63.2	63.2
Other financial
Total assets*	3,446.8	3,607.2	2,340.7	1,977.8	1,755.7
Total liabilities	2,510.4	2,822.4	1,891.5	1,597.3	1,452.3
Equity shareholders’ funds*	936.4	784.8	449.2	380.5	303.4
Other financial
Earnings per share
– basic	50.4p	34.3p	20.7p	21.0p	11.8p
– diluted	49.8p	33.7p	20.4p
Dividends per share	10.4p	9.0p	4.7p	2.1p	0.8p
Net assets per share*	175.6p	148.7p	113.7p	98.7p	80.3p
Tangible net assets per share*	163.2p	136.2p	97.0p	82.3p	63.7p
Share price (at 31 December)	325.3p	248.5p	141.5p	128.0p	119.0p

* 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.

© Copyright Amlin 2006