Key financial data

Consolidated statement of profit or loss

for the six months ended 30 June 2017

                  Six months ended Year ended
                  30 June 2017 30 June 2016 31 December 2016
                  £m £m £m
Gross written premiums 6 462.0 360.6 769.0
         
Gross earned premiums 6 403.2 324.2 691.8
Earned premiums ceded to reinsurers 6 (208.1) (168.1) (357.0)
Net earned premiums 6 195.1 156.1 334.8
         
Other revenue 7 147.0 123.7 248.3
Investment and interest income 8 3.1 2.9 7.2
Net revenue   345.2 282.7 590.3
         
Claims incurred 9 (363.2) (267.5) (711.8)
Reinsurers' share of claims incurred 9 219.9 152.0 451.7
Net claims incurred 9 (143.3) (115.5) (260.1)
         
Acquisition costs   (31.7) (25.2) (51.9)
Other expenses 10 (83.7) (71.2) (146.2)
         
Adjusted operating profit1   86.5 70.8 132.1
         
Amortisation and depreciation 10 (13.5) (13.9) (27.6)
Finance costs 11 (4.1) (5.5) (10.2)
         
Profit before tax   68.9 51.4 94.3
         
Taxation expense 12 (11.0) (8.7) (15.9)
         
Total profit attributable to the equity holders of the parent   57.9 42.7 78.4
         
Earnings per share attributable to the equity holders of the parent (expressed in pence per share)      
     
Basic earnings per share 13 8.8p 6.5p 11.9p
Diluted earnings per share 13 8.8p 6.5p 11.9p

All results arose from continuing operations.

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