Amlin plc
Amlin: 2005 results
Insurer Amlin reported record profits for the year to December 2005, despite high losses from the US storm season.
The company said that pre-tax profit reached £182.7m (2004: £128.9m), after absorbing 2005 hurricane losses of £130.1m (2004: £74m). The company’s combined ratio was stable at a healthy 82%.
Investments contributed £90.9m, up 74% (2004: £52.1m).
Amlin has weathered […]
Amlin: trading statement
Lloyds insurer Amlin issued an upbeat trading statement for the year to December 2005. Trading conditions have been good and pre-tax profits are expected to be ahead of consensus forecasts.
Syndicate 2001’s gross written premium (net of brokerage) for the 2005 underwriting year was £810m down from £830m a year ago. Estimates of storm losses remained […]
Amlin: Trading statement
Lloyd’s insurer Amlin issued a positive trading statement, raising syndicate forecasts.
The company has raised its forecast of returns on syndicate 2001 for the year 2003 from 18-23% of capacity to 21-26%. For 2004, its forecast is unchanged at 8-13% but it expects that to improve if the syndicate’s losses are normal or better.
Syndicate 2001’s […]
Amlin:H1 results
Better than expected renewal rates, low claims levels and booming investment returns have seen Amlin record pre-tax profits of £134m for the half year to June 2005, up 56% on the previous first half and higher than for the whole of 2004.
The Lloyd’s underwriter will take a $110m(£60m) hit for Hurricane Katrina but remained positive […]
Amlin: Trading update
Strong trading, low claim levels and a good investment performance will push Lloyds insurer Amlin’s half year results ahead of market expectations. The company said that results would be significantly ahead of last year and group pre-tax profits will “not less than £120m”. Amlin reported pre-tax profits of £74.2m in the first half of last […]
Amlin
Insurer Amlin reported full-year pre-tax profits of £121.6m, ahead of consensus forecasts of around £108m and slightly ahead of the £120.3m reported in 2003. Profits were driven by a strong investment performance(investment income rose 58% to £50.6m).
The underwriting performance was respectable contributing £102.5m (2003: £119.4m) to the pre tax result with a small rise […]
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