Highlights

  • Strong results in challenging market conditions
  • Increased net written premiums by 6%
  • Operating result up 4% to £814m
  • Underlying return on equity 21.3%
  • Completed buyout of Codan minorities
  • Successful US exit
  • Increased dividend 19% to 7.01p
Net written premiums. 2005. £5,300m. 2006. £5,484m. 2007. £5,837m. Combined operating ratio. 2005. 94.1%. 2006. 93.3%. 2007. 94.9%. Underlying return on equity. 2005. 21.6%. 2006. 20.7%. 2007. 21.3%. Dividend. 2005. 4.74p. 2006. 5.87p. 2007. 7.01p

 

  2007 2006
Results    
Net written premiums £5,837m £5,484m
Operating result £814m £780m
Profit after tax from continuing operations £641m £479m
Profit/(loss) after tax £628m £(20)m
Balance sheet at 31 December    
Shareholders' funds £3,077m £2,561m
Net asset value per share 91p 82p
Dividend    
Total dividend for the year per ordinary share 7.01p 5.87p
Underlying return on equity 21.3% 20.7%

Combined operating ratio (COR): The ratio of claim costs and expenses (including commission) to premiums

> Back to top