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|
2003 HIGHLIGHTS
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 |
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|
2003 |
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|
2002 |
|
2001 |
|
2000 |
|
 |
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| FINANCIAL HIGHLIGHTS |
|
£m |
|
|
£m |
|
£m |
|
£m |
|
|
| Gross premiums written |
|
937.4 |
|
|
717.1 |
|
587.4 |
|
363.3 |
|
| Net premiums written |
|
787.6 |
|
|
573.0 |
|
486.5 |
|
284.1 |
|
| Earned premiums |
|
684.7 |
|
|
494.1 |
|
342.9 |
|
231.1 |
|
|
| Operating profit (loss) before tax |
|
|
|
|
|
|
|
|
|
|
| (based on longer term investment returns) |
|
124.4 |
|
|
45.6 |
|
(61.7 |
) |
(5.9 |
) |
| Profit (loss) on ordinary activities before tax |
|
120.3 |
|
|
55.4 |
|
(81.5 |
) |
(26.4 |
) |
|
| Per share amounts |
|
|
|
|
|
|
|
|
|
|
| Operating profit (loss) |
|
30.9p |
|
|
17.7p |
|
(40.5p |
) |
(9.7p |
) |
| Earnings |
|
21.6p |
|
|
14.1p |
|
(33.3p |
) |
(9.6p |
) |
| Net assets |
|
99.3p |
|
|
80.3p |
|
66.4p |
|
100.1p |
|
| Net tangible assets |
|
84.6p |
|
|
64.5p |
|
59.0p |
|
92.1p |
|
| Dividend |
|
2.5p |
|
|
2.0p |
|
- |
|
4.0p |
|
|
| Operating ratios |
|
|
|
|
|
|
|
|
|
|
| Claims ratio |
|
51% |
|
|
63% |
|
87% |
|
84% |
|
| Expense ratio |
|
32% |
|
|
32% |
|
30% |
|
27% |
|
| Combined ratio |
|
83% |
|
|
95% |
|
117% |
|
111% |
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