Premium Development

The table below illustrates the development of the estimate of gross written premium and gross earned premium for Syndicate 2001 and Amlin Bermuda Ltd after the end of the underwriting year, illustrating how amounts estimated have changed from the first estimate made. Non-sterling balances have been converted to 2006 exchange rates to aid comparability.

Gross written premium

Underwriting Year	2001 £m	2002 £m	2003 £m	2004 £m	2005 £m	2006 £m
At end of underwriting year	668.4	812.0	944.0	924.5	937.3	1,146.6
One year later	632.0	851.4	944.3	932.4	943.1
Two years later	646.2	827.4	947.2	939.2
Three years later	651.9	826.9	948.7
Four years later	653.6	828.5
Five years later	656.1
Ultimate gross written premium	656.1	828.5	948.7	940.4	971.7	1,250.8

Gross earned premium

Underwriting Year	2001 £m	2002 £m	2003 £m	2004 £m	2005 £m	2006 £m
At end of underwriting year	333.2	412.5	504.6	469.9	483.7	624.9
One year later	597.0	813.0	898.5	886.5	901.4
Two years later	646.2	827.4	947.2	939.2
Three years later	651.9	826.9	948.7
Four years later	653.6	828.5
Five years later	656.1

© Copyright Amlin 2006