Amlin Delivers Record Interim Result
30 August 2007
Annualised first half return on equity of 31.8% (H1 2006: 24.2%)
Profit before tax up 54.0% to £185.0 million (H1 2006: £120.1 million)
Strong underlying underwriting contribution up 17.2% to £146.6 million (H1 2006: £125.1 million)
Group combined ratio 71% (H1 2006: 79%)
Investment performance increased by 73.2% to £65.3 million (H1 2006: £37.7 million)
Interim dividend increased 19.0% to 5.0p per share (H1 2006: 4.2p per share)
Small exposure to the sub-prime market
Positive outlook for the full year and for 2008
Charles Philipps, Chief Executive, commented as
follows:
“This is a record result driven by an exceptional
underwriting performance and strong investment returns. Our
outlook for the remainder of 2007 and for 2008 is
positive.”
Enquiries:
| Charles Philipps, Chief Executive, Amlin plc | 0207 746 1000 |
| Richard Hextall, Finance Director, Amlin plc | 0207 746 1000 |
| Hannah Bale, Head of Communications, Amlin plc | 0207 746 1118 |
| David Haggie, Haggie Financial Limited | 0207 471 8989 / 07768 332486 |
| Peter Rigby, Haggie Financial Limited | 0207 471 8989 / 07803 851426 |
View the full Press Release in PDF format.
