 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2002
£m |
|
2001
£m |
|
2000
£m |
|
1999
£m |
|
 |
| Gross premiums written |
|
717.1 |
|
|
587.4 |
|
|
363.3 |
|
|
252.8 |
|
|
| Net premium written |
|
573.0 |
|
|
486.5 |
|
|
284.1 |
|
|
195.5 |
|
|
| Earned premium |
|
494.1 |
|
|
342.9 |
|
|
231.1 |
|
|
175.1 |
|
|
|
| Operating
profit (loss) before WTC ¹ |
|
|
|
|
|
|
|
|
|
|
|
|
|
| (based on longer term investment returns) |
|
47.1 |
|
|
2.2 |
|
|
(5.9 |
) |
|
12.5 |
|
|
| Operating profit (loss) before tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
| (based on longer term investment returns) |
|
45.6 |
|
|
(61.7 |
) |
|
(5.9 |
) |
|
12.5 |
|
|
| Profit (loss)
on ordinary activities before tax |
|
55.4 |
|
|
(81.5 |
) |
|
(26.4 |
) |
|
18.3 |
|
|
|
| Per share amounts |
|
|
| Operating
profit (loss) profit before WTC ¹ |
|
18.2p |
|
|
(8.7p |
) |
|
(9.7p |
) |
|
7.1p |
|
|
| Earnings |
|
14.1p |
|
|
(33.3p |
) |
|
(9.6p |
) |
|
5.9p |
|
|
| Net assets |
|
81.1p |
|
|
67.8p |
|
|
102.0p |
|
|
110.0p |
|
|
| Net tangible assets |
|
65.4p |
|
|
60.4p |
|
|
93.9p |
|
|
103.9p |
|
|
| Dividend |
|
2.0p |
|
|
– |
|
|
4.0p |
|
|
3.8p |
|
|
|
| Operating ratios |
|
|
| Claims ratio ¹ |
|
63% |
|
|
70% |
|
|
84% |
|
|
71% |
|
|
| Expense ratio ¹ |
|
32% |
|
|
30% |
|
|
27% |
|
|
37% |
|
|
| Combined ratio ¹ |
|
95% |
|
|
100% |
|
|
111% |
|
|
108% |
|
|
| Combined ratio
including 11 September 2001 |
|
95% |
|
|
117% |
|
|
111% |
|
|
108% |
|
|
|
