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Excellent underwriting contribution of £48.9 million, an increase of 50% (2012: £32.6 million)
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Gross written premium of £590.3 million (2012: £612.0 million), including:
- planned reductions in reinsurance for the first half of the year
- growth of 6% in the second half of the year -
Combined ratio of 86 % (2012: 90 %)
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Net investment income of £11.1 million (2012: £25.8 million), equating to 0.9% on average invested assets (2012: 2.2%)
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Profit before tax of £42.8 million (2012: £39.9 million)
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Basic earnings per share increased to 50.2p (2012: 44.2p)
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Final dividend of 16.5p per share (2012: 14.5p per share)
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Additional special dividend of 20.0p per share
Matthew Fosh, Group Chief Executive, today said:
"I am delighted with our result for 2013, which for the third time in four years has produced a record underwriting performance and is testament to the discipline and judgement of our team. Maintaining this consistency of performance from a combination of specialist underwriting and sound capital management is central to our strategy."
