£70m less profit despite more than 50% rise in GWP
Amlin reported H1 premiums income had risen 56.4% to £1,486.2m from £950.1m but catastrophe losses cut its pre-tax profit from £177.1 last year to £107.6m.
H1 financial highlights £m (2009 in brackets)
- Gross written premium 1,486.2 (950.1)
- Net written premium 1,286.8 (810.1)
- Net earned premium 862.5 (510.3)
- Underwriting contribution 100.1 (135.3)
- Investment contribution 78.7(53.1)
- Profit before tax 107.6 (177.1)
- Combined ratio 88% (73%)
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