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Reports & Accounts

Statement of Financial Position

£’000 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12
Gross assets incl. cash & investment 1,065,791 786,212 549,262 537,599 474,628 475,746
Net assets 166,772 94,368 86,521 86,296 100,644 73,608

 

Group Income Statement

£’000 12 months to 31/12/17 12 months to 31/12/16 12 months to 31/12/15 12 months to 31/12/14 12 months to 31/12/13 12 months to 31/12/12
Income 225,182 87,798 71,914 65,394 54,754 51,755
Operating profit before goodwill and impairment 27,949 10,385 4,083 (799)** 10,159* 12,574*
PBT 23,461 8,478 2,829 (1,559)** 9,564* 11,645*
PAT 22,970 8,315 2,757 (2,746) 7,440* 11,067*

 

* Operating profit, profit before tax and profit after tax are stated after the deduction of non-controlling interests primarily relating to Syndicate 3330

** In 2014, operating profit and profit before tax are stated before deducting exceptional costs relating to the acquisition of Accredited of £750k

 

Insurance Services Division

£’000 12 months to 31/12/17 12 months to 31/12/16 12 months to 31/12/15 12 months to 31/12/14 12 months to 31/12/13 12 months to 31/12/12
Income 29,491 29,542 39,090 36,899 39,399 44,787
Operating Profit (87) 2,021 5,000 8,321 9,839 10,061

 

Insurance Investments Division

£’000 12 months to 31/12/17 12 months to 31/12/16 12 months to 31/12/15 12 months to 31/12/14 12 months to 31/12/13 12 months to 31/12/12
Income 100,170 51,271 25,310 28,558 21,096 18,343
Operating (Loss)/ Profit 20,040 23,515 6,039 (4,389) 10,333 16,107

 

Underwriting Management Division

£’000 12 months to 31/12/17 12 months to 31/12/16 12 months to 31/12/15 12 months to 31/12/14 12 months to 31/12/13 12 months to 31/12/12
Income 111,527 21,367 23,977 20,161 15,944 11,567
Operating Profit/(Loss) 16,291 (1,955) (476) 2,820 (177) (1,391)