Key financial data

Consolidated statement of profit or loss

for the year ended 31 December 2017

 Year ended
31 December 2017
£m
Year ended
31 December 2016
£m
Gross written premiums 930.8 769.0
     
Gross earned premiums 856.1 691.8
Earned premiums ceded to reinsurers (446.0) (357.0)
Net earned premiums 410.1 334.8
     
Other revenue 298.7 248.3
Investment and interest income 6.8 7.2
Net revenue 715.6 590.3
     
Claims incurred (786.9) (711.8)
Reinsurers' share of claims incurred 487.4 451.7
Net claims incurred (299.5) (260.1)
     
Acquisition costs (64.9) (51.9)
Other expenses (167.1) (146.2)
     
Adjusted operating profit1 184.1 132.1
     
Amortisation and depreciation (27.0) (27.6)
Finance costs (8.1) (10.2)
     
Profit before tax 149.0 94.3
     
Taxation expense (22.3) (15.9)
     
Total profit attributable to the equity holders of the parent 126.7 78.4
     
Earnings per share attributable to the equity holders of the parent (expressed in pence per share)    
   
Basic earnings per share 19.3p 11.9p
Diluted earnings per share 19.2p 11.9p

All results arose from continuing operations.

The accompanying notes form an integral part of these Consolidated Financial Statements.