Business
Interim Results for Amlin
Interim Results for Amlin.
About this update from Aston Martin Lagonda Global Holdings Plc
[{"type":"text","content":"\n RNS Number : 4391R Amlin PLC 23 August 2010 \n \n\nAMLIN PLC23 August 2010\n \nInterim Results for the six months ended 30 June 2010\n \nHighlights\n \n· Gross written premium up 56.4% to £1,486.2 million (H1 2009: £950.1 million) \n· High industry catastrophe losses relative to benign claims environment of 2009\n· Profit before tax of £107.6 million (H1 2009: £177.1 million)\n· Annualised first half return on equity of 10.6% (H1 2009: 27.4%)\n· Combined ratio of 88% (H1 2009: 73%) with an underwriting contribution of £100.1 million (H1 2009: £135.3 million)\n· Integration of Amlin Corporate Insurance N.V. progressing in line with plan, with return on investment of 18.8% since acquisition\n· Investment return of 1.7% (H1 2009: 1.6%) generating an investment contribution of £78.7 million (H1 2009: £53.1 million) \n· Earnings per share of 17.1p (H1 2009: 35.2p)\n· Interim dividend increased 10.8% to 7.2p per share (H1 2009: 6.5p per share)\n· Net tangible assets per share increased 2.2% to 295.9 pence (YE 2009: 289.6 pence)\n \nCharles Philipps, Chief Executive, commented as follows: \n\"These results, after significant first half catastrophe losses, again demonstrate the robustness of our business model. We are well positioned to take advantage of future growth opportunities.\"\n \n\n\n\n\nEnquiries: \n \n\n\n\n\n\n \n\n\n\n\nCharles Philipps, Chief Executive, Amlin plc\n\n\n0207 746 1000\n\n\n \n\n\n\n\nRichard Hextall, Finance Director, Amlin plc\n\n\n0207 746 1000\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nAnalysts and Investors\n\n\n\n\n\n \n\n\n\n\nJulianne Jessup, Head of Investor Relations, Amlin plc\n\n\n0207 746 1961\n\n\n \n\n\n\n\nRob Bailhache, Financial Dynamics\n\n\n0207 269 7200\n\n\n \n\n\n\n\nNick Henderson, Financial Dynamics\n\n\n0207 269 7114\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nMedia\n\n\n\n\n\n \n\n\n\n\nHannah Bale, Head of Communications, Amlin plc\n\n\n0207 746 1118\n\n\n \n\n\n\n\nRob Bailhache, Financial Dynamics\n\n\n0207 269 7200\n\n\n \n\n\n\n\nNick Henderson, Financial Dynamics\n\n\n0207 269 7114\n\n\n \n\n\n\n\n \n\n\nFinancial highlights\n\n\n6 months\n2010\n£m\n\n\n6 months\n2009\n£m\n\n\n12 months\n2009\n£m\n\n\n\n\n...