Income and expenses by business segment
| Year ended 31 December 2005 (restated) | Aviation £m |
Non-marine £m |
Marine £m |
UK commerical £m |
Total UK divisions £m |
Amlin Bermuda Ltd £m |
Intra group items £m |
Other technical £m |
Total £m |
|---|---|---|---|---|---|---|---|---|---|
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| Gross premium written | 83.0 | 558.0 | 172.8 | 175.5 | 989.3 | 2.9 | (0.3) | 1.6 | 993.5 |
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| Analysed by geographic segment | |||||||||
| UK | 11.4 | 55.5 | 43.1 | 159.1 | 269.1 | 0.8 | (0.1) | 0.5 | 270.3 |
| US | 32.6 | 330.5 | 30.2 | 0.3 | 393.6 | 1.1 | (0.1) | 0.7 | 395.3 |
| Europe | 15.8 | 40.0 | 32.4 | 7.2 | 95.4 | 0.3 | – | 0.1 | 95.8 |
| Worldwide | 0.2 | 17.9 | 25.7 | 2.2 | 46.0 | 0.1 | – | 0.1 | 46.2 |
| Other | 23.0 | 114.1 | 41.4 | 6.7 | 185.2 | 0.6 | (0.1) | 0.2 | 185.9 |
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| Total | 83.0 | 558.0 | 172.8 | 175.5 | 989.3 | 2.9 | (0.3) | 1.6 | 993.5 |
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| Gross premium earned | 93.0 | 546.6 | 164.7 | 181.1 | 985.4 | 0.1 | (0.3) | 1.5 | 986.7 |
| Reinsurance premium ceded | (23.6) | (100.6) | (25.9) | (14.2) | (164.3) | – | – | (0.3) | (164.6) |
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| Net premium earned | 69.4 | 446.0 | 138.8 | 166.9 | 821.1 | 0.1 | (0.3) | 1.2 | 822.1 |
| Insurance claims and claims settlement expenses | (50.1) | (651.2) | (105.7) | (105.0) | (912.0) | – | (2.7) | 2.6 | (912.1) |
| Reinsurance recoveries | 15.1 | 347.0 | 55.3 | 19.1 | 436.5 | – | – | (0.1) | 436.4 |
| Underwriting expenses | (14.4) | (113.6) | (40.8) | (37.6) | (206.4) | (0.1) | (1.0) | (1.8) | (209.3) |
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| Profit attributable to underwriting | 20.0 | 28.2 | 47.6 | 43.4 | 139.2 | – | (4.0) | 1.9 | 137.1 |
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| Investment return | 90.9 | 90.9 | |||||||
| Agency expenses (1) | (3.9) | (24.9) | (4.2) | (5.0) | (38.0) | – | 38.0 | – | – |
| Other non-underwriting expenses (2) | (30.9) | ||||||||
| Finance costs (2) | (10.4) | ||||||||
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| Profit before tax | 186.7 | ||||||||
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| Combined ratio(3) | 70% | 93% | 63% | 72% | 82% | – | 82% | ||
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