Group Financial Information

Statement of Financial Position

£’000 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11
Gross assets incl. cash & investment 786,212 549,262 537,599 474,628 475,746 507,280
Net assets 94,368 86,521 86,296 100,644 73,608 72,432

 

Group Income Statement

£’000 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 12 months to 31/12/11
Income 87,798 71,914 65,394 54,754 51,755 36,793
Operating profit before goodwill and impairment 10,385 4,083 (799)*** 10,159** 12,574** 7,851
PBT 8,478 2,829 (1,559)*** 9,564** 11,645** 8,801*
PAT 8,315 2,757 (2,746) 7,440** 11,067** (488)

*Excluding £13.5m goodwill impairment

** 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 31/12/16 12 months to 31/12/15 12 months to 31/12/14 12 months to 31/12/13 12 months to 31/12/12 12 months to 31/12/11
Income 29,542 39,090 36,899 39,399 44,787 39,968
Operating Profit 2,021 5,000 8,321 9,839 10,061 5,751

Insurance Investments Division

£’000 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 12 months to 31/12/11
Income 51,271 25,310 28,558 21,096 18,343 7,448
Operating (Loss)/ Profit 23,515 6,039 (4,389) 10,333 16,107 (4,969)

Underwriting Management Division

£’000 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 12 months to 31/12/11
Income 21,367 23,977 20,161 15,944 11,567 5,391
Operating Profit/(Loss) (1,955) (476) 2,820 (177) (1,391) (1,113)

Key Performance Indicators

    • Revenue growth margins in the Insurance Services Division
    • Operating profit in the Insurance Services and Underwriting Management Divisions
    • Net claims releases in the Insurance Investments Division
    • Earnings per share basic
    • Distributions per share
    • Net tangible assets per share