Key financial data

Condensed consolidated statement of profit or loss

for the year ended 31 December 2018

 NotesYear ended
31 December 2018
£m
Year ended
31 December 2017
£m
Gross written premiums 6 958.3 930.8
       
Gross earned premiums 6 949.9 856.1
Earned premiums ceded to reinsurers 6 (509.2) (446.0)
Net earned premiums 6 440.7 410.1
       
Other revenue 7 308.7 298.7
Investment and interest income 8 7.0 6.8
Net revenue   756.4 715.6
       
Claims incurred 9 (774.6) (786.9)
Reinsurers' share of claims incurred 9 444.0 487.4
Net claims incurred 9 (360.6) (299.5)
       
Acquisition costs   (74.6) (64.9)
Other expenses 10 (160.6) (167.1)
       
Adjusted operating profit2      
       
Amortisation and depreciation 10 (29.0) (27.0)
Finance costs 12 (8.7) (8.1)
       
Profit before tax   152.9 149.0
       
Taxation expense 13 (22.3) (22.3)
       
Total profit attributable to the equity holders of the parent   130.6 126.7
       
Earnings per share attributable to the equity holders of the parent
(expressed in pence per share)
     
     
Basic earnings per share 14 19.9p 19.3p
Diluted earnings per share 14 19.8p 19.2p

All results arose from continuing operations.

The accompanying notes to the Condensed Consolidated Financial Statements were provided in the 2018 Full Year results announcement.