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Highlights

2016 2015
Gross premiums written (£m) 2,402.6 1,944.2
Net premiums earned (£m) 1,675.0 1,435.0
Profit before tax (£m) 354.5 216.1
Profit after tax (£m) 337.0 209.9
Earnings per share (p) 119.8 72.8
Total ordinary dividend per share for year (p) 27.5 24.0
Special dividend (p) 16.0
Net asset value per share (p) 649.9 545.0
Group combined ratio (%) 84.4 85.0
Group combined ratio excluding foreign exchange (%) 90.8 85.7
Return on equity (%) 23.0 16.0
Investment return (%) 1.9 1.0
Reserve releases (£m) 213.0 205.9

Annual Report 2016

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