|
Year ended 31 December 2006 |
Aviation £m |
Non- marine £m |
Marine £m |
UK Commercial £m |
Total UK divisions £m |
Amlin Bermuda |
Intra group items £m |
Other technical £m |
Total £m |
|
Gross premium written
|
|||||||||
|
Analysed by geographic segment
|
|||||||||
|
UK
|
12.7 | 49.5 | 53.1 | 133.7 | 249.0 | 110.3 | (100.8) | – | 258.5 |
|
US
|
29.5 | 344.2 | 51.6 | 0.3 | 425.6 | 88.8 | – | – | 514.4 |
|
Europe
|
14.1 | 37.9 | 39.5 | 5.8 | 97.3 | 3.7 | – | – | 101.0 |
|
Worldwide
|
0.4 | 15.8 | 19.2 | 1.6 | 37.0 | 1.8 | – | – | 38.8 |
|
Other
|
19.0 | 107.2 | 47.5 | 8.6 | 182.3 | 18.9 | – | (0.1) | 201.1 |
|
Total
|
75.7 | 554.6 | 210.9 | 150.0 | 991.2 | 223.5 | (100.8) | (0.1) | 1,113.8 |
|
Gross premium earned
|
88.8 | 569.5 | 192.7 | 163.2 | 1,014.2 | 132.5 | (59.3) | (0.1) | 1,087.3 |
|
Reinsurance premium ceded
|
(29.2) | (87.3) | (31.8) | (21.4) | (169.7) | – | 56.3 | – | (113.4) |
|
Net premium earned
|
59.6 | 482.2 | 160.9 | 141.8 | 844.5 | 132.5 | (3.0) | (0.1) | 973.9 |
|
Insurance claims and claims settlement expenses
|
(48.9) | (179.8) | (111.0) | (103.0) | (442.7) | (47.5) | 29.8 | (0.3) | (460.7) |
|
Reinsurance recoveries
|
19.6 | 7.7 | 41.2 | 20.6 | 89.1 | – | (30.8) | 0.2 | 58.5 |
|
Underwriting expenses
|
(24.0) | (162.4) | (67.6) | (37.8) | (291.8) | (16.0) | 4.0 | – | (303.8) |
|
Profit attributable to underwriting
|
6.3 | 147.7 | 23.5 | 21.6 | 199.1 | 69.0 | – | (0.2) | 267.9 |
|
Investment return
|
83.1 | 32.0 | 115.1 | ||||||
|
Other operating income
|
1.8 | 1.8 | |||||||
|
Agency expenses(1)
|
(2.6) | (14.3) | (3.3) | (4.5) | (24.7) | 24.7 | – | ||
|
Other non-underwriting expenses(2)
|
(18.3) | ||||||||
|
Finance costs(2)
|
(23.8) | ||||||||
|
Profit before taxation
|
342.7 | ||||||||
|
Combined ratio
|
89% | 69% | 85% | 85% | 76% | 48% | 72% |
(1)Agency expenses allocated to segments represent fees and commission payable to Amlin Underwriting Limited;
(2)Other non-underwriting expenses and finance costs are incurred in support of the entire business of the Group and have not been allocated to particular segments.