Managing agent name S3 Market Example
Open YoA > 3 YoA? No
Status of data entry Completed
Direct validations cleared Yes
Indirect validations cleared Yes
Status time and date
Completed By :
Position :
Reporting years
Abbreviation Full Name Description
CurY Current Year
2025
<<<<<<< [Type the current reporting year]
ComY Comparative Year
2024
ComY-1 Comparative Year 2
2023
ComY-2 Comparative Year 3
2022
FX inputs
Current FY Prior FY
2025 UY 2024 UY 2023 UY Total 2024 UY 2023 UY 2022 UY Total
2025
2024
Description
Syndicate Presentational Currency
Annual average FX rate from functional to presentational
Closing FX rate from functional to presentational
# Classification: Unclassified
Source tab
Index
row
Index
column
Current year
value
Prior year
value
Target tab
Index
row
Index
column
Current year
value
Prior year
value
Current
year
result
Prior
year
result
Statement of profit and loss - Technical account
1
A
217,500
203,040
Analysis of underwriting results
14
A
217,500
203,040
Pass
Pass
Statement of profit and loss - Technical account
1
B
108,750
101,520
Analysis of underwriting results
14
G
108,750
101,520
Pass
Pass
Statement of profit and loss - Technical account
1
C
36,250
33,840
Analysis of underwriting results
14
M
36,250
33,840
Pass
Pass
Statement of profit and loss - Technical account
1
D
-
-
Analysis of underwriting results
14
S
-
-
Pass
Pass
Statement of profit and loss - Technical account
1
E
-
-
Analysis of underwriting results
14
Y
-
-
Pass
Pass
Statement of profit and loss - Technical account
1
F
-
-
Analysis of underwriting results
14
AE
-
-
Pass
Pass
Statement of profit and loss - Technical account
1
G
-
-
Analysis of underwriting results
14
AK
-
-
Pass
Pass
Statement of profit and loss - Technical account
1
H
362,500
338,400
Analysis of underwriting results
14
AQ
362,500.00
338,400.00
Pass
Pass
Statement of profit and loss - Technical account
22
A
(63,924)
(67,974)
Net operating expenses
7
A
63,924
67,974
Pass
Pass
Statement of profit and loss - Technical account
22
B
(31,962)
(33,987)
Net operating expenses
7
B
31,962
33,987
Pass
Pass
Statement of profit and loss - Technical account
22
C
(10,654)
(11,329)
Net operating expenses
7
C
10,654
11,329
Pass
Pass
Statement of profit and loss - Technical account
22
D
-
-
Net operating expenses
7
D
-
-
Pass
Pass
Statement of profit and loss - Technical account
22
E
-
-
Net operating expenses
7
E
-
-
Pass
Pass
Statement of profit and loss - Technical account
22
F
-
-
Net operating expenses
7
F
-
-
Pass
Pass
Statement of profit and loss - Technical account
22
G
-
-
Net operating expenses
7
G
-
-
Pass
Pass
Statement of profit and loss - Technical account
22
H
(106,540)
(113,290)
Net operating expenses
7
H
106,540
113,290
Pass
Pass
Statement of profit and loss - Non-Technical account
6
A
4,284
4,254
Investment return
22
A
4,284
4,254
Pass
Pass
Statement of profit and loss - Non-Technical account
6
B
2,142
2,127
Investment return
22
B
2,142
2,127
Pass
Pass
Statement of profit and loss - Non-Technical account
6
C
714
709
Investment return
22
C
714
709
Pass
Pass
Statement of profit and loss - Non-Technical account
6
D
-
-
Investment return
22
D
-
-
Pass
Pass
Statement of profit and loss - Non-Technical account
6
E
-
-
Investment return
22
E
-
-
Pass
Pass
Statement of profit and loss - Non-Technical account
6
F
-
-
Investment return
22
F
-
-
Pass
Pass
Statement of profit and loss - Non-Technical account
6
G
-
-
Investment return
22
G
-
-
Pass
Pass
Statement of profit and loss - Non-Technical account
6
H
7,140
7,090
Investment return
22
H
7,140
7,090
Pass
Pass
Statement of profit and loss - Non-Technical account
18
A
22,620
23,790
Statement of Change in members
2
A
22,620
23,790
Pass
Pass
Statement of profit and loss - Non-Technical account
18
B
11,310
11,895
Statement of Change in members
2
B
11,310
11,895
Pass
Pass
Statement of profit and loss - Non-Technical account
18
C
3,770.00
3,965
Statement of Change in members
2
C
3,770.00
3,965
Pass
Pass
Statement of profit and loss - Non-Technical account
18
D
-
-
Statement of Change in members
2
D
-
-
Pass
Pass
Statement of profit and loss - Non-Technical account
18
E
-
-
Statement of Change in members
2
E
-
-
Pass
Pass
Statement of profit and loss - Non-Technical account
18
F
-
-
Statement of Change in members
2
F
-
-
Pass
Pass
Statement of profit and loss - Non-Technical account
18
G
-
-
Statement of Change in members
2
G
-
-
Pass
Pass
Statement of profit and loss - Non-Technical account
18
H
37,700.00
39,650
Statement of Change in members
2
H
37,700.00
39,650
Pass
Pass
Balance Sheet - Liabilities
1
A
23,700
27,750
Statement of Change in members
9
A
23,700
27,750
Pass
Pass
Balance Sheet - Liabilities
1
B
11,850
13,875
Statement of Change in members
9
B
11,850
13,875
Pass
Pass
Balance Sheet - Liabilities
1
C
3,950
4,625
Statement of Change in members
9
C
3,950
4,625
Pass
Pass
Balance Sheet - Liabilities
1
D
-
-
Statement of Change in members
9
D
-
-
Pass
Pass
Balance Sheet - Liabilities
1
E
-
-
Statement of Change in members
9
E
-
-
Pass
Pass
Balance Sheet - Liabilities
1
F
-
-
Statement of Change in members
9
F
-
-
Pass
Pass
Balance Sheet - Liabilities
1
G
-
-
Statement of Change in members
9
G
-
-
Pass
Pass
Balance Sheet - Liabilities
1
H
39,500
46,250
Statement of Change in members
9
H
39,500
46,250
Pass
Pass
Balance Sheet - Assets
5
A
87,000
64,980
Financial Assets past due
10
E
87,000
64,980
Pass
Pass
Balance Sheet - Assets
5
B
43,500
32,490
Financial Assets past due
10
J
43,500
32,490
Pass
Pass
Balance Sheet - Assets
5
C
14,500
10,830
Financial Assets past due
10
O
14,500
10,830
Pass
Pass
Balance Sheet - Assets
5
D
-
-
Financial Assets past due
10
T
-
-
Pass
Pass
Balance Sheet - Assets
5
E
-
-
Financial Assets past due
10
Y
-
-
Pass
Pass
Balance Sheet - Assets
5
F
-
-
Financial Assets past due
10
AD
-
-
Pass
Pass
Balance Sheet - Assets
5
G
-
-
Financial Assets past due
10
AI
-
-
Pass
Pass
Balance Sheet - Assets
5
H
145,000
108,300
Financial Assets past due
10
AN
145,000
108,300
Pass
Pass
Balance Sheet - Assets
7
A
31,860
28,380
Financial Assets past due
11
E
31,860
28,380
Pass
Pass
Balance Sheet - Assets
7
B
15,930
14,190
Financial Assets past due
11
J
15,930
14,190
Pass
Pass
Balance Sheet - Assets
7
C
5,310
4,730
Financial Assets past due
11
O
5,310
4,730
Pass
Pass
Balance Sheet - Assets
7
D
-
-
Financial Assets past due
11
T
-
-
Pass
Pass
Balance Sheet - Assets
7
E
-
-
Financial Assets past due
11
Y
-
-
Pass
Pass
Balance Sheet - Assets
7
F
-
-
Financial Assets past due
11
AD
-
-
Pass
Pass
Balance Sheet - Assets
7
G
-
-
Financial Assets past due
11
AI
-
-
Pass
Pass
Balance Sheet - Assets
7
H
53,100
47,300
Financial Assets past due
11
AN
53,100
47,300
Pass
Pass
Balance Sheet - Assets
8
A
21,060
20,820
Financial Assets past due
12
E
21,060
20,820
Pass
Pass
Balance Sheet - Assets
8
B
10,530
10,410
Financial Assets past due
12
J
10,530
10,410
Pass
Pass
Balance Sheet - Assets
8
C
3,510
3,470
Financial Assets past due
12
O
3,510
3,470
Pass
Pass
Balance Sheet - Assets
8
D
-
-
Financial Assets past due
12
T
-
-
Pass
Pass
Balance Sheet - Assets
8
E
-
-
Financial Assets past due
12
Y
-
-
Pass
Pass
Balance Sheet - Assets
8
F
-
-
Financial Assets past due
12
AD
-
-
Pass
Pass
Balance Sheet - Assets
8
G
-
-
Financial Assets past due
12
AI
-
-
Pass
Pass
Balance Sheet - Assets
8
H
35,100
34,700
Financial Assets past due
12
AN
35,100
34,700
Pass
Pass
Balance Sheet - Assets
11
A
4,800
11,400
Financial Assets past due
14
E
4,800
11,400
Pass
Pass
Balance Sheet - Assets
11
B
2,400
5,700
Financial Assets past due
14
J
2,400
5,700
Pass
Pass
Balance Sheet - Assets
11
C
800
1,900
Financial Assets past due
14
O
800
1,900
Pass
Pass
Balance Sheet - Assets
11
D
-
-
Financial Assets past due
14
T
-
-
Pass
Pass
Balance Sheet - Assets
11
E
-
-
Financial Assets past due
14
Y
-
-
Pass
Pass
Balance Sheet - Assets
11
F
-
-
Financial Assets past due
14
AD
-
-
Pass
Pass
Balance Sheet - Assets
11
G
-
-
Financial Assets past due
14
AI
-
-
Pass
Pass
Balance Sheet - Assets
11
H
8,000
19,000
Financial Assets past due
14
AN
8,000
19,000
Pass
Pass
Direct validations
# Classification: Unclassified
Analysis of underwriting results 12 A 195,900 188,040 Geographical split of gross 5 A 195,900 188,040 Pass Pass
Analysis of underwriting results 12 G 97,950 94,020 Geographical split of gross 5 B 97,950 94,020 Pass Pass
Analysis of underwriting results 12 M 32,650 31,340 Geographical split of gross 5 C 32,650 31,340 Pass Pass
Analysis of underwriting results 12 S - - Geographical split of gross 5 D - - Pass Pass
Analysis of underwriting results 12 Y - - Geographical split of gross 5 E - - Pass Pass
Analysis of underwriting results 12 AE - - Geographical split of gross 5 F - - Pass Pass
Analysis of underwriting results 12 AK - - Geographical split of gross 5 G - - Pass Pass
Analysis of underwriting results 12 AQ 326,500 313,400 Geographical split of gross 5 H 326,500 313,400 Pass Pass
Exposure to credit risk 1 G 73,800 52,800 Financial Assets past due 1 E 73,800 52,800 Pass Pass
Exposure to credit risk 1 N 36,900 26,400 Financial Assets past due 1 J 36,900 26,400 Pass Pass
Exposure to credit risk 1 U 12,300 8,800 Financial Assets past due 1 O 12,300 8,800 Pass Pass
Exposure to credit risk 1 AB - - Financial Assets past due 1 T - - Pass Pass
Exposure to credit risk 1 AI - - Financial Assets past due 1 Y - - Pass Pass
Exposure to credit risk 1 AP - - Financial Assets past due 1 AD - - Pass Pass
Exposure to credit risk 1 AW - - Financial Assets past due 1 AI - - Pass Pass
Exposure to credit risk 1 AAD 123,000 88,000 Financial Assets past due 1 AN 123,000 88,000 Pass Pass
Exposure to credit risk 2 G 93,000 93,600 Financial Assets past due 2 E 93,000 93,600 Pass Pass
Exposure to credit risk 2 N 46,500 46,800 Financial Assets past due 2 J 46,500 46,800 Pass Pass
Exposure to credit risk 2 U 15,500 15,600 Financial Assets past due 2 O 15,500 15,600 Pass Pass
Exposure to credit risk 2 AB - - Financial Assets past due 2 T - - Pass Pass
Exposure to credit risk 2 AI - - Financial Assets past due 2 Y - - Pass Pass
Exposure to credit risk 2 AP - - Financial Assets past due 2 AD - - Pass Pass
Exposure to credit risk 2 AW - - Financial Assets past due 2 AI - - Pass Pass
Exposure to credit risk 2 AAD 155,000 156,000 Financial Assets past due 2 AN 155,000 156,000 Pass Pass
Exposure to credit risk 3 G - - Financial Assets past due 3 E - - Pass Pass
Exposure to credit risk 3 N - - Financial Assets past due 3 J - - Pass Pass
Exposure to credit risk 3 U - - Financial Assets past due 3 O - - Pass Pass
Exposure to credit risk 3 AB - - Financial Assets past due 3 T - - Pass Pass
Exposure to credit risk 3 AI - - Financial Assets past due 3 Y - - Pass Pass
Exposure to credit risk 3 AP - - Financial Assets past due 3 AD - - Pass Pass
Exposure to credit risk 3 AW - - Financial Assets past due 3 AI - - Pass Pass
Exposure to credit risk 3 AAD - - Financial Assets past due 3 AN - - Pass Pass
Exposure to credit risk 4 G - - Financial Assets past due 4 E - - Pass Pass
Exposure to credit risk 4 N - - Financial Assets past due 4 J - - Pass Pass
Exposure to credit risk 4 U - - Financial Assets past due 4 O - - Pass Pass
Exposure to credit risk 4 AB - - Financial Assets past due 4 T - - Pass Pass
Exposure to credit risk 4 AI - - Financial Assets past due 4 Y - - Pass Pass
Exposure to credit risk 4 AP - - Financial Assets past due 4 AD - - Pass Pass
Exposure to credit risk 4 AW - - Financial Assets past due 4 AI - - Pass Pass
Exposure to credit risk 4 AAD - - Financial Assets past due 4 AN - - Pass Pass
Exposure to credit risk 5 G 51,000 36,000 Financial Assets past due 5 E 51,000 36,000 Pass Pass
Exposure to credit risk 5 N 25,500 18,000 Financial Assets past due 5 J 25,500 18,000 Pass Pass
Exposure to credit risk 5 U 8,500 6,000 Financial Assets past due 5 O 8,500 6,000 Pass Pass
Exposure to credit risk 5 AB - - Financial Assets past due 5 T - - Pass Pass
Exposure to credit risk 5 AI - - Financial Assets past due 5 Y - - Pass Pass
Exposure to credit risk 5 AP - - Financial Assets past due 5 AD - - Pass Pass
Exposure to credit risk 5 AW - - Financial Assets past due 5 AI - - Pass Pass
Exposure to credit risk 5 AAD 85,000 60,000 Financial Assets past due 5 AN 85,000 60,000 Pass Pass
Exposure to credit risk 6 G 1,560 3,420 Financial Assets past due 6 E 1,560 3,420 Pass Pass
Exposure to credit risk 6 N 780 1,710 Financial Assets past due 6 J 780 1,710 Pass Pass
Exposure to credit risk 6 U 260 570 Financial Assets past due 6 O 260 570 Pass Pass
Exposure to credit risk 6 AB - - Financial Assets past due 6 T - - Pass Pass
Exposure to credit risk 6 AI - - Financial Assets past due 6 Y - - Pass Pass
Exposure to credit risk 6 AP - - Financial Assets past due 6 AD - - Pass Pass
Exposure to credit risk 6 AW - - Financial Assets past due 6 AI - - Pass Pass
Exposure to credit risk 6 AAD 2,600 5,700 Financial Assets past due 6 AN 2,600 5,700 Pass Pass
Exposure to credit risk 7 G - - Financial Assets past due 7 E - - Pass Pass
Exposure to credit risk 7 N - - Financial Assets past due 7 J - - Pass Pass
Exposure to credit risk 7 U - - Financial Assets past due 7 O - - Pass Pass
Exposure to credit risk 7 AB - - Financial Assets past due 7 T - - Pass Pass
Exposure to credit risk 7 AI - - Financial Assets past due 7 Y - - Pass Pass
Exposure to credit risk 7 AP - - Financial Assets past due 7 AD - - Pass Pass
Exposure to credit risk 7 AW - - Financial Assets past due 7 AI - - Pass Pass
Exposure to credit risk 7 AAD - - Financial Assets past due 7 AN - - Pass Pass
Exposure to credit risk 8 G 11,040 6,180 Financial Assets past due 8 E 11,040 6,180 Pass Pass
Exposure to credit risk 8 N 5,520 3,090 Financial Assets past due 8 J 5,520 3,090 Pass Pass
Exposure to credit risk 8 U 1,840 1,030 Financial Assets past due 8 O 1,840 1,030 Pass Pass
Exposure to credit risk 8 AB - - Financial Assets past due 8 T - - Pass Pass
Exposure to credit risk 8 AI - - Financial Assets past due 8 Y - - Pass Pass
Exposure to credit risk 8 AP - - Financial Assets past due 8 AD - - Pass Pass
Exposure to credit risk 8 AW - - Financial Assets past due 8 AI - - Pass Pass
Exposure to credit risk 8 AAD 18,400 10,300 Financial Assets past due 8 AN 18,400 10,300 Pass Pass
Exposure to credit risk 9 G 600 600 Financial Assets past due 9 E 600 600 Pass Pass
Exposure to credit risk 9 N 300 300 Financial Assets past due 9 J 300 300 Pass Pass
Exposure to credit risk 9 U 100 100 Financial Assets past due 9 O 100 100 Pass Pass
Exposure to credit risk 9 AB - - Financial Assets past due 9 T - - Pass Pass
Exposure to credit risk 9 AI - - Financial Assets past due 9 Y - - Pass Pass
Exposure to credit risk 9 AP - - Financial Assets past due 9 AD - - Pass Pass
Exposure to credit risk 9 AW - - Financial Assets past due 9 AI - - Pass Pass
Exposure to credit risk 9 AAD 1,000 1,000 Financial Assets past due 9 AN 1,000 1,000 Pass Pass
Exposure to credit risk 10 G 87,000 64,980 Financial Assets past due 10 E 87,000 64,980 Pass Pass
Exposure to credit risk 10 N 43,500 32,490 Financial Assets past due 10 J 43,500 32,490 Pass Pass
Exposure to credit risk 10 U 14,500 10,830 Financial Assets past due 10 O 14,500 10,830 Pass Pass
Exposure to credit risk 10 AB - - Financial Assets past due 10 T - - Pass Pass
Exposure to credit risk 10 AI - - Financial Assets past due 10 Y - - Pass Pass
Exposure to credit risk 10 AP - - Financial Assets past due 10 AD - - Pass Pass
Exposure to credit risk 10 AW - - Financial Assets past due 10 AI - - Pass Pass
Exposure to credit risk 10 AAD 145,000 108,300 Financial Assets past due 10 AN 145,000 108,300 Pass Pass
Exposure to credit risk 11 G 28,350 25,350 Financial Assets past due 11 A 28,350 25,350 Pass Pass
Exposure to credit risk 11 N 14,175 12,675 Financial Assets past due 11 F 14,175 12,675 Pass Pass
Exposure to credit risk 11 U 4,725 4,225 Financial Assets past due 11 K 4,725 4,225 Pass Pass
Exposure to credit risk 11 AB - - Financial Assets past due 11 P - - Pass Pass
Exposure to credit risk 11 AI - - Financial Assets past due 11 U - - Pass Pass
Exposure to credit risk 11 AP - - Financial Assets past due 11 Z - - Pass Pass
Exposure to credit risk 11 AW - - Financial Assets past due 11 AE - - Pass Pass
Exposure to credit risk 11 AAD 47,250 42,250 Financial Assets past due 11 AJ 47,250 42,250 Pass Pass
Exposure to credit risk 12 G 18,096 17,802 Financial Assets past due 12 A 18,096 17,802 Pass Pass
Exposure to credit risk 12 N 9,048 8,901 Financial Assets past due 12 F 9,048 8,901 Pass Pass
Exposure to credit risk 12 U 3,016 2,967 Financial Assets past due 12 K 3,016 2,967 Pass Pass
Exposure to credit risk 12 AB - - Financial Assets past due 12 P - - Pass Pass
Exposure to credit risk 12 AI - - Financial Assets past due 12 U - - Pass Pass
Exposure to credit risk 12 AP - - Financial Assets past due 12 Z - - Pass Pass
Exposure to credit risk 12 AW - - Financial Assets past due 12 AE - - Pass Pass
Exposure to credit risk 12 AAD 30,160 29,670 Financial Assets past due 12 AJ 30,160 29,670 Pass Pass
Exposure to credit risk 13 G 3,780 5,400 Financial Assets past due 13 A 3,780 5,400 Pass Pass
Exposure to credit risk 13 N 1,890 2,700 Financial Assets past due 13 F 1,890 2,700 Pass Pass
Exposure to credit risk 13 U 630 900 Financial Assets past due 13 K 630 900 Pass Pass
Exposure to credit risk 13 AB - - Financial Assets past due 13 P - - Pass Pass
Exposure to credit risk 13 AI - - Financial Assets past due 13 U - - Pass Pass
Exposure to credit risk 13 AP - - Financial Assets past due 13 Z - - Pass Pass
Exposure to credit risk 13 AW - - Financial Assets past due 13 AE - - Pass Pass
Exposure to credit risk 13 AAD 6,300 9,000 Financial Assets past due 13 AJ 6,300 9,000 Pass Pass
Exposure to credit risk 14 G 4,800 11,400 Financial Assets past due 14 A 4,800 11,400 Pass Pass
Exposure to credit risk 14 N 2,400 5,700 Financial Assets past due 14 F 2,400 5,700 Pass Pass
Exposure to credit risk 14 U 800 1,900 Financial Assets past due 14 K 800 1,900 Pass Pass
Exposure to credit risk 14 AB - - Financial Assets past due 14 P - - Pass Pass
Exposure to credit risk 14 AI - - Financial Assets past due 14 U - - Pass Pass
Exposure to credit risk 14 AP - - Financial Assets past due 14 Z - - Pass Pass
Exposure to credit risk 14 AW - - Financial Assets past due 14 AE - - Pass Pass
Exposure to credit risk 14 AAD 8,000 19,000 Financial Assets past due 14 AJ 8,000 19,000 Pass Pass
# Classification: Unclassified
Exposure to credit risk 15 G 373,026 317,532 Financial Assets past due 15 A 373,026 317,532 Pass Pass
Exposure to credit risk 15 N 186,513 158,766 Financial Assets past due 15 F 186,513 158,766 Pass Pass
Exposure to credit risk 15 U 62,171 52,922 Financial Assets past due 15 K 62,171 52,922 Pass Pass
Exposure to credit risk 15 AB - - Financial Assets past due 15 P - - Pass Pass
Exposure to credit risk 15 AI - - Financial Assets past due 15 U - - Pass Pass
Exposure to credit risk 15 AP - - Financial Assets past due 15 Z - - Pass Pass
Exposure to credit risk 15 AW - - Financial Assets past due 15 AE - - Pass Pass
Exposure to credit risk 15 AAD 621,710 529,220 Financial Assets past due 15 AJ 621,710 529,220 Pass Pass
Financial Assets past due 1 B - - Age analysis of past due but no imp 1 E - - Pass Pass
Financial Assets past due 1 G - - Age analysis of past due but no imp 1 J - - Pass Pass
Financial Assets past due 1 L - - Age analysis of past due but no imp 1 O - - Pass Pass
Financial Assets past due 1 Q - - Age analysis of past due but no imp 1 T - - Pass Pass
Financial Assets past due 1 V - - Age analysis of past due but no imp 1 Y - - Pass Pass
Financial Assets past due 1 AA - - Age analysis of past due but no imp 1 AD - - Pass Pass
Financial Assets past due 1 AF - - Age analysis of past due but no imp 1 AI - - Pass Pass
Financial Assets past due 1 AK - - Age analysis of past due but no imp 1 AN - - Pass Pass
Financial Assets past due 2 B - - Age analysis of past due but no imp 2 E - - Pass Pass
Financial Assets past due 2 G - - Age analysis of past due but no imp 2 J - - Pass Pass
Financial Assets past due 2 L - - Age analysis of past due but no imp 2 O - - Pass Pass
Financial Assets past due 2 Q - - Age analysis of past due but no imp 2 T - - Pass Pass
Financial Assets past due 2 V - - Age analysis of past due but no imp 2 Y - - Pass Pass
Financial Assets past due 2 AA - - Age analysis of past due but no imp 2 AD - - Pass Pass
Financial Assets past due 2 AF - - Age analysis of past due but no imp 2 AI - - Pass Pass
Financial Assets past due 2 AK - - Age analysis of past due but no imp 2 AN - - Pass Pass
Financial Assets past due 3 B - - Age analysis of past due but no imp 3 E - - Pass Pass
Financial Assets past due 3 G - - Age analysis of past due but no imp 3 J - - Pass Pass
Financial Assets past due 3 L - - Age analysis of past due but no imp 3 O - - Pass Pass
Financial Assets past due 3 Q - - Age analysis of past due but no imp 3 T - - Pass Pass
Financial Assets past due 3 V - - Age analysis of past due but no imp 3 Y - - Pass Pass
Financial Assets past due 3 AA - - Age analysis of past due but no imp 3 AD - - Pass Pass
Financial Assets past due 3 AF - - Age analysis of past due but no imp 3 AI - - Pass Pass
Financial Assets past due 3 AK - - Age analysis of past due but no imp 3 AN - - Pass Pass
Financial Assets past due 4 B - - Age analysis of past due but no imp 4 E - - Pass Pass
Financial Assets past due 4 G - - Age analysis of past due but no imp 4 J - - Pass Pass
Financial Assets past due 4 L - - Age analysis of past due but no imp 4 O - - Pass Pass
Financial Assets past due 4 Q - - Age analysis of past due but no imp 4 T - - Pass Pass
Financial Assets past due 4 V - - Age analysis of past due but no imp 4 Y - - Pass Pass
Financial Assets past due 4 AA - - Age analysis of past due but no imp 4 AD - - Pass Pass
Financial Assets past due 4 AF - - Age analysis of past due but no imp 4 AI - - Pass Pass
Financial Assets past due 4 AK - - Age analysis of past due but no imp 4 AN - - Pass Pass
Financial Assets past due 5 B - - Age analysis of past due but no imp 5 E - - Pass Pass
Financial Assets past due 5 G - - Age analysis of past due but no imp 5 J - - Pass Pass
Financial Assets past due 5 L - - Age analysis of past due but no imp 5 O - - Pass Pass
Financial Assets past due 5 Q - - Age analysis of past due but no imp 5 T - - Pass Pass
Financial Assets past due 5 V - - Age analysis of past due but no imp 5 Y - - Pass Pass
Financial Assets past due 5 AA - - Age analysis of past due but no imp 5 AD - - Pass Pass
Financial Assets past due 5 AF - - Age analysis of past due but no imp 5 AI - - Pass Pass
Financial Assets past due 5 AK - - Age analysis of past due but no imp 5 AN - - Pass Pass
Financial Assets past due 6 B - - Age analysis of past due but no imp 6 E - - Pass Pass
Financial Assets past due 6 G - - Age analysis of past due but no imp 6 J - - Pass Pass
Financial Assets past due 6 L - - Age analysis of past due but no imp 6 O - - Pass Pass
Financial Assets past due 6 Q - - Age analysis of past due but no imp 6 T - - Pass Pass
Financial Assets past due 6 V - - Age analysis of past due but no imp 6 Y - - Pass Pass
Financial Assets past due 6 AA - - Age analysis of past due but no imp 6 AD - - Pass Pass
Financial Assets past due 6 AF - - Age analysis of past due but no imp 6 AI - - Pass Pass
Financial Assets past due 6 AK - - Age analysis of past due but no imp 6 AN - - Pass Pass
Financial Assets past due 8 B - - Age analysis of past due but no imp 7 E - - Pass Pass
Financial Assets past due 8 G - - Age analysis of past due but no imp 7 J - - Pass Pass
Financial Assets past due 8 L - - Age analysis of past due but no imp 7 O - - Pass Pass
Financial Assets past due 8 Q - - Age analysis of past due but no imp 7 T - - Pass Pass
Financial Assets past due 8 V - - Age analysis of past due but no imp 7 Y - - Pass Pass
Financial Assets past due 8 AA - - Age analysis of past due but no imp 7 AD - - Pass Pass
Financial Assets past due 8 AF - - Age analysis of past due but no imp 7 AI - - Pass Pass
Financial Assets past due 8 AK - - Age analysis of past due but no imp 7 AN - - Pass Pass
Financial Assets past due 9 B - - Age analysis of past due but no imp 9 E - - Pass Pass
Financial Assets past due 9 G - - Age analysis of past due but no imp 9 J - - Pass Pass
Financial Assets past due 9 L - - Age analysis of past due but no imp 9 O - - Pass Pass
Financial Assets past due 9 Q - - Age analysis of past due but no imp 9 T - - Pass Pass
Financial Assets past due 9 V - - Age analysis of past due but no imp 9 Y - - Pass Pass
Financial Assets past due 9 AA - - Age analysis of past due but no imp 9 AD - - Pass Pass
Financial Assets past due 9 AF - - Age analysis of past due but no imp 9 AI - - Pass Pass
Financial Assets past due 9 AK - - Age analysis of past due but no imp 9 AN - - Pass Pass
Financial Assets past due 10 B - - Age analysis of past due but no imp 10 E - - Pass Pass
Financial Assets past due 10 G - - Age analysis of past due but no imp 10 J - - Pass Pass
Financial Assets past due 10 L - - Age analysis of past due but no imp 10 O - - Pass Pass
Financial Assets past due 10 Q - - Age analysis of past due but no imp 10 T - - Pass Pass
Financial Assets past due 10 V - - Age analysis of past due but no imp 10 Y - - Pass Pass
Financial Assets past due 10 AA - - Age analysis of past due but no imp 10 AD - - Pass Pass
Financial Assets past due 10 AF - - Age analysis of past due but no imp 10 AI - - Pass Pass
Financial Assets past due 10 AK - - Age analysis of past due but no imp 10 AN - - Pass Pass
Financial Assets past due 11 B 3,366 2,892 Age analysis of past due but no imp 11 E 3,366 2,892 Pass Pass
Financial Assets past due 11 G 1,683 1,446 Age analysis of past due but no imp 11 J 1,683 1,446 Pass Pass
Financial Assets past due 11 L 561 482 Age analysis of past due but no imp 11 O 561 482 Pass Pass
Financial Assets past due 11 Q - - Age analysis of past due but no imp 11 T - - Pass Pass
Financial Assets past due 11 V - - Age analysis of past due but no imp 11 Y - - Pass Pass
Financial Assets past due 11 AA - - Age analysis of past due but no imp 11 AD - - Pass Pass
Financial Assets past due 11 AF - - Age analysis of past due but no imp 11 AI - - Pass Pass
Financial Assets past due 11 AK 5,610 4,820 Age analysis of past due but no imp 11 AN 5,610 4,820 Pass Pass
Financial Assets past due 12 B 2,856 2,868 Age analysis of past due but no imp 12 E 2,856 2,868 Pass Pass
Financial Assets past due 12 G 1,428 1,434 Age analysis of past due but no imp 12 J 1,428 1,434 Pass Pass
Financial Assets past due 12 L 476 478 Age analysis of past due but no imp 12 O 476 478 Pass Pass
Financial Assets past due 12 Q - - Age analysis of past due but no imp 12 T - - Pass Pass
Financial Assets past due 12 V - - Age analysis of past due but no imp 12 Y - - Pass Pass
Financial Assets past due 12 AA - - Age analysis of past due but no imp 12 AD - - Pass Pass
Financial Assets past due 12 AF - - Age analysis of past due but no imp 12 AI - - Pass Pass
Financial Assets past due 12 AK 4,760 4,780 Age analysis of past due but no imp 12 AN 4,760 4,780 Pass Pass
Financial Assets past due 13 B - - Age analysis of past due but no imp 13 E - - Pass Pass
Financial Assets past due 13 G - - Age analysis of past due but no imp 13 J - - Pass Pass
Financial Assets past due 13 L - - Age analysis of past due but no imp 13 O - - Pass Pass
Financial Assets past due 13 Q - - Age analysis of past due but no imp 13 T - - Pass Pass
Financial Assets past due 13 V - - Age analysis of past due but no imp 13 Y - - Pass Pass
Financial Assets past due 13 AA - - Age analysis of past due but no imp 13 AD - - Pass Pass
Financial Assets past due 13 AF - - Age analysis of past due but no imp 13 AI - - Pass Pass
Financial Assets past due 13 AK - - Age analysis of past due but no imp 13 AN - - Pass Pass
Financial Assets past due 14 B - - Age analysis of past due but no imp 14 E - - Pass Pass
Financial Assets past due 14 G - - Age analysis of past due but no imp 14 J - - Pass Pass
Financial Assets past due 14 L - - Age analysis of past due but no imp 14 O - - Pass Pass
Financial Assets past due 14 Q - - Age analysis of past due but no imp 14 T - - Pass Pass
Financial Assets past due 14 V - - Age analysis of past due but no imp 14 Y - - Pass Pass
Financial Assets past due 14 AA - - Age analysis of past due but no imp 14 AD - - Pass Pass
Financial Assets past due 14 AF - - Age analysis of past due but no imp 14 AI - - Pass Pass
Financial Assets past due 14 AK - - Age analysis of past due but no imp 14 AN - - Pass Pass
Financial Assets past due 15 B 6,222 5,760 Age analysis of past due but no imp 15 E 6,222 5,760 Pass Pass
Financial Assets past due 15 G 3,111 2,880 Age analysis of past due but no imp 15 J 3,111 2,880 Pass Pass
Financial Assets past due 15 L 1,037 960 Age analysis of past due but no imp 15 O 1,037 960 Pass Pass
Financial Assets past due 15 Q - - Age analysis of past due but no imp 15 T - - Pass Pass
Financial Assets past due 15 V - - Age analysis of past due but no imp 15 Y - - Pass Pass
Financial Assets past due 15 AA - - Age analysis of past due but no imp 15 AD - - Pass Pass
Financial Assets past due 15 AF - - Age analysis of past due but no imp 15 AI - - Pass Pass
Financial Assets past due 15 AK 10,370 9,600 Age analysis of past due but no imp 15 AN 10,370 9,600 Pass Pass
# Classification: Unclassified
Balance Sheet - Assets
16
A
409,890
348,090
Currency risk
6
H
409,890.00
348,090
Pass
Pass
Balance Sheet - Assets
16
B
204,945
174,045
Currency risk
6
P
204,945
174,045
Pass
Pass
Balance Sheet - Assets
16
C
68,315
58,015
Currency risk
6
X
68,315
58,015
Pass
Pass
Balance Sheet - Assets
16
D
-
-
Currency risk
6
AF
-
-
Pass
Pass
Balance Sheet - Assets
16
E
-
-
Currency risk
6
AN
-
-
Pass
Pass
Balance Sheet - Assets
16
F
-
-
Currency risk
6
AV
-
-
Pass
Pass
Balance Sheet - Assets
16
G
-
-
Currency risk
6
BD
-
-
Pass
Pass
Balance Sheet - Assets
16
H
683,150
580,150
Currency risk
6
BL
683,150
580,150
Pass
Pass
Balance Sheet - Liabilities
14
A
386,190
320,340
Currency risk
12
H
(386,190)
(320,340)
Pass
Pass
Balance Sheet - Liabilities
14
B
193,095
160,170
Currency risk
12
P
(193,095)
(160,170)
Pass
Pass
Balance Sheet - Liabilities
14
C
64,365
53,390
Currency risk
12
X
(64,365)
(53,390)
Pass
Pass
Balance Sheet - Liabilities
14
D
-
-
Currency risk
12
AF
-
-
Pass
Pass
Balance Sheet - Liabilities
14
E
-
-
Currency risk
12
AN
-
-
Pass
Pass
Balance Sheet - Liabilities
14
F
-
-
Currency risk
12
AV
-
-
Pass
Pass
Balance Sheet - Liabilities
14
G
-
-
Currency risk
12
BD
-
-
Pass
Pass
Balance Sheet - Liabilities
14
H
643,650
533,900
Currency risk
12
BL
(643,650)
(533,900)
Pass
Pass
Balance Sheet - Liabilities
7
A
-
-
Currency risk
8
H
-
-
Pass
Pass
Balance Sheet - Liabilities
7
B
-
-
Currency risk
8
P
-
-
Pass
Pass
Balance Sheet - Liabilities
7
C
-
-
Currency risk
8
X
-
-
Pass
Pass
Balance Sheet - Liabilities
7
D
-
-
Currency risk
8
AF
-
-
Pass
Pass
Balance Sheet - Liabilities
7
E
-
-
Currency risk
8
AN
-
-
Pass
Pass
Balance Sheet - Liabilities
7
F
-
-
Currency risk
8
AV
-
-
Pass
Pass
Balance Sheet - Liabilities
7
G
-
-
Currency risk
8
BD
-
-
Pass
Pass
Balance Sheet - Liabilities
7
H
-
-
Currency risk
8
BL
-
-
Pass
Pass
Balance Sheet - Liabilities
8
A
300
900
Currency risk
9
H
(300)
(900)
Pass
Pass
Balance Sheet - Liabilities
8
B
150
450
Currency risk
9
P
(150)
(450)
Pass
Pass
Balance Sheet - Liabilities
8
C
50
150
Currency risk
9
X
(50)
(150)
Pass
Pass
Balance Sheet - Liabilities
8
D
-
-
Currency risk
9
AF
-
-
Pass
Pass
Balance Sheet - Liabilities
8
E
-
-
Currency risk
9
AN
-
-
Pass
Pass
Balance Sheet - Liabilities
8
F
-
-
Currency risk
9
AV
-
-
Pass
Pass
Balance Sheet - Liabilities
8
G
-
-
Currency risk
9
BD
-
-
Pass
Pass
Balance Sheet - Liabilities
8
H
500
1,500
Currency risk
9
BL
(500)
(1,500)
Pass
Pass
Balance Sheet - Liabilities
13
A
300
960
Currency risk
11
H
(300)
(960)
Pass
Pass
Balance Sheet - Liabilities
13
B
150
480
Currency risk
11
P
(150)
(480)
Pass
Pass
Balance Sheet - Liabilities
13
C
50
160
Currency risk
11
X
(50)
(160)
Pass
Pass
Balance Sheet - Liabilities
13
D
-
-
Currency risk
11
AF
-
-
Pass
Pass
Balance Sheet - Liabilities
13
E
-
-
Currency risk
11
AN
-
-
Pass
Pass
Balance Sheet - Liabilities
13
F
-
-
Currency risk
11
AV
-
-
Pass
Pass
Balance Sheet - Liabilities
13
G
-
-
Currency risk
11
BD
-
-
Pass
Pass
Balance Sheet - Liabilities
13
H
500
1,600
Currency risk
11
BL
(500)
(1,600)
Pass
Pass
Financial Investments (FI) 1 A 73,800 52,800 Assets by FV hierarchy class 1 E 73,800 52,800 Pass Pass
Financial Investments (FI) 1 C 36,900 26,400 Assets by FV hierarchy class 1 J 36,900 26,400 Pass Pass
Financial Investments (FI) 1 E 12,300 8,800 Assets by FV hierarchy class 1 O 12,300 8,800 Pass Pass
Financial Investments (FI) 1 G - - Assets by FV hierarchy class 1 T - - Pass Pass
Financial Investments (FI) 1 I - - Assets by FV hierarchy class 1 Y - - Pass Pass
Financial Investments (FI) 1 K - - Assets by FV hierarchy class 1 AD - - Pass Pass
Financial Investments (FI) 1 M - - Assets by FV hierarchy class 1 AI - - Pass Pass
Financial Investments (FI) 1 O 123,000 88,000 Assets by FV hierarchy class 1 AN 123,000 88,000 Pass Pass
Financial Investments (FI) 2 A 93,000 93,600 Assets by FV hierarchy class 2 E 93,000 93,600 Pass Pass
Financial Investments (FI) 2 C 46,500 46,800 Assets by FV hierarchy class 2 J 46,500 46,800 Pass Pass
Financial Investments (FI) 2 E 15,500 15,600 Assets by FV hierarchy class 2 O 15,500 15,600 Pass Pass
Financial Investments (FI) 2 G - - Assets by FV hierarchy class 2 T - - Pass Pass
Financial Investments (FI) 2 I - - Assets by FV hierarchy class 2 Y - - Pass Pass
Financial Investments (FI) 2 K - - Assets by FV hierarchy class 2 AD - - Pass Pass
Financial Investments (FI) 2 M - - Assets by FV hierarchy class 2 AI - - Pass Pass
Financial Investments (FI) 2 O 155,000 156,000 Assets by FV hierarchy class 2 AN 155,000 156,000 Pass Pass
Financial Investments (FI) 3 A - - Assets by FV hierarchy class 3 E - - Pass Pass
Financial Investments (FI) 3 C - - Assets by FV hierarchy class 3 J - - Pass Pass
Financial Investments (FI) 3 E - - Assets by FV hierarchy class 3 O - - Pass Pass
Financial Investments (FI) 3 G - - Assets by FV hierarchy class 3 T - - Pass Pass
Financial Investments (FI) 3 I - - Assets by FV hierarchy class 3 Y - - Pass Pass
Financial Investments (FI) 3 K - - Assets by FV hierarchy class 3 AD - - Pass Pass
Financial Investments (FI) 3 M - - Assets by FV hierarchy class 3 AI - - Pass Pass
Financial Investments (FI) 3 O - - Assets by FV hierarchy class 3 AN - - Pass Pass
Financial Investments (FI) 4 A - - Assets by FV hierarchy class 4 E - - Pass Pass
Financial Investments (FI) 4 C - - Assets by FV hierarchy class 4 J - - Pass Pass
Financial Investments (FI) 4 E - - Assets by FV hierarchy class 4 O - - Pass Pass
Financial Investments (FI) 4 G - - Assets by FV hierarchy class 4 T - - Pass Pass
Financial Investments (FI) 4 I - - Assets by FV hierarchy class 4 Y - - Pass Pass
Financial Investments (FI) 4 K - - Assets by FV hierarchy class 4 AD - - Pass Pass
Financial Investments (FI) 4 M - - Assets by FV hierarchy class 4 AI - - Pass Pass
Financial Investments (FI) 4 O - - Assets by FV hierarchy class 4 AN - - Pass Pass
Financial Investments (FI) 5 A 51,000 36,000 Assets by FV hierarchy class 5 E 51,000 36,000 Pass Pass
Financial Investments (FI) 5 C 25,500 18,000 Assets by FV hierarchy class 5 J 25,500 18,000 Pass Pass
Financial Investments (FI) 5 E 8,500 6,000 Assets by FV hierarchy class 5 O 8,500 6,000 Pass Pass
Financial Investments (FI) 5 G - - Assets by FV hierarchy class 5 T - - Pass Pass
Financial Investments (FI) 5 I - - Assets by FV hierarchy class 5 Y - - Pass Pass
Financial Investments (FI) 5 K - - Assets by FV hierarchy class 5 AD - - Pass Pass
Financial Investments (FI) 5 M - - Assets by FV hierarchy class 5 AI - - Pass Pass
Financial Investments (FI) 5 O 85,000 60,000 Assets by FV hierarchy class 5 AN 85,000 60,000 Pass Pass
Financial Investments (FI) 6 A 1,560 3,420 Assets by FV hierarchy class 6 E 1,560 3,420 Pass Pass
Financial Investments (FI) 6 C 780 1,710 Assets by FV hierarchy class 6 J 780 1,710 Pass Pass
Financial Investments (FI) 6 E 260 570 Assets by FV hierarchy class 6 O 260 570 Pass Pass
Financial Investments (FI) 6 G - - Assets by FV hierarchy class 6 T - - Pass Pass
Financial Investments (FI) 6 I - - Assets by FV hierarchy class 6 Y - - Pass Pass
Financial Investments (FI) 6 K - - Assets by FV hierarchy class 6 AD - - Pass Pass
Financial Investments (FI) 6 M - - Assets by FV hierarchy class 6 AI - - Pass Pass
Financial Investments (FI) 6 O 2,600 5,700 Assets by FV hierarchy class 6 AN 2,600 5,700 Pass Pass
Financial Investments (FI) 7 A - - Assets by FV hierarchy class 7 E - - Pass Pass
Financial Investments (FI) 7 C - - Assets by FV hierarchy class 7 J - - Pass Pass
Financial Investments (FI) 7 E - - Assets by FV hierarchy class 7 O - - Pass Pass
Financial Investments (FI) 7 G - - Assets by FV hierarchy class 7 T - - Pass Pass
Financial Investments (FI) 7 I - - Assets by FV hierarchy class 7 Y - - Pass Pass
Financial Investments (FI) 7 K - - Assets by FV hierarchy class 7 AD - - Pass Pass
Financial Investments (FI) 7 M - - Assets by FV hierarchy class 7 AI - - Pass Pass
Financial Investments (FI) 7 O - - Assets by FV hierarchy class 7 AN - - Pass Pass
Financial Investments (FI) 8 A 11,040 6,180 Assets by FV hierarchy class 8 E 11,040 6,180 Pass Pass
Financial Investments (FI) 8 C 5,520 3,090 Assets by FV hierarchy class 8 J 5,520 3,090 Pass Pass
Financial Investments (FI) 8 E 1,840 1,030 Assets by FV hierarchy class 8 O 1,840 1,030 Pass Pass
Financial Investments (FI) 8 G - - Assets by FV hierarchy class 8 T - - Pass Pass
Financial Investments (FI) 8 I - - Assets by FV hierarchy class 8 Y - - Pass Pass
Financial Investments (FI) 8 K - - Assets by FV hierarchy class 8 AD - - Pass Pass
Financial Investments (FI) 8 M - - Assets by FV hierarchy class 8 AI - - Pass Pass
Financial Investments (FI) 8 O 18,400 10,300 Assets by FV hierarchy class 8 AN 18,400 10,300 Pass Pass
Financial Investments (FI) 9 A 230,400 192,000 Assets by FV hierarchy class 9 E 230,400 192,000 Pass Pass
Financial Investments (FI) 9 C 115,200 96,000 Assets by FV hierarchy class 9 J 115,200 96,000 Pass Pass
Financial Investments (FI) 9 E 38,400 32,000 Assets by FV hierarchy class 9 O 38,400 32,000 Pass Pass
Financial Investments (FI) 9 G - - Assets by FV hierarchy class 9 T - - Pass Pass
Financial Investments (FI) 9 I - - Assets by FV hierarchy class 9 Y - - Pass Pass
Financial Investments (FI) 9 K - - Assets by FV hierarchy class 9 AD - - Pass Pass
Financial Investments (FI) 9 M - - Assets by FV hierarchy class 9 AI - - Pass Pass
Financial Investments (FI) 9 O 384,000 320,000 Assets by FV hierarchy class 9 AN 384,000 320,000 Pass Pass
Balance Sheet - Assets
1
A
230,400
192,000
Financial Investments (FI)
9
A
230,400
192,000
Pass
Pass
Balance Sheet - Assets
1
B
115,200
96,000
Financial Investments (FI)
9
C
115,200
96,000
Pass
Pass
Balance Sheet - Assets
1
C
38,400
32,000
Financial Investments (FI)
9
E
38,400
32,000
Pass
Pass
Balance Sheet - Assets
1
D
-
-
Financial Investments (FI)
9
G
-
-
Pass
Pass
Balance Sheet - Assets
1
E
-
-
Financial Investments (FI)
9
I
-
-
Pass
Pass
Balance Sheet - Assets
1
F
-
-
Financial Investments (FI)
9
K
-
-
Pass
Pass
Balance Sheet - Assets
1
G
-
-
Financial Investments (FI)
9
M
-
-
Pass
Pass
Balance Sheet - Assets
1
H
384,000
320,000
Financial Investments (FI)
9
O
384,000
320,000
Pass
Pass
# Classification: Unclassified
Source tab
Index
row
Index
colum
n
Current year
value
Prior year
value
Target tab
Index
row
Index
colum
n
Current year
value
Prior year
value
Current
year
result
Prior
year
result
Statement of profit and loss - Technical account
1
A
217,500
203,040
Statement of profit and loss - Technical account
4
A
(15,000)
27,000
202,500 230,040
Analysis of underwriting results
14 B 202,500 230,040 Pass Pass
Statement of profit and loss - Technical account
1
B
108,750
101,520
Statement of profit and loss - Technical account
4
B
(7,500)
13,500
101,250 115,020
Analysis of underwriting results
14 H 101,250 115,020 Pass Pass
Statement of profit and loss - Technical account
1
C
36,250
33,840
Statement of profit and loss - Technical account
4
C
(2,500)
4,500
33,750 38,340
Analysis of underwriting results
14 N 33,750 38,340 Pass Pass
Statement of profit and loss - Technical account
1
D
-
-
Statement of profit and loss - Technical account
4
D
-
-
- -
Analysis of underwriting results
14 T - - Pass Pass
Statement of profit and loss - Technical account
1
E
-
-
Statement of profit and loss - Technical account
4
E
-
-
- -
Analysis of underwriting results
14 Z - - Pass Pass
Statement of profit and loss - Technical account
1
F
-
-
Statement of profit and loss - Technical account
4
F
-
-
- -
Analysis of underwriting results
14 AF - - Pass Pass
Statement of profit and loss - Technical account
1
G
-
-
Statement of profit and loss - Technical account
4
G
-
-
- -
Analysis of underwriting results
14 AL - - Pass Pass
Statement of profit and loss - Technical account
1
H
362,500
338,400
Statement of profit and loss - Technical account
4
H
(25,000)
45,000
337,500 383,400
Analysis of underwriting results
14 AR 337,500 383,400 Pass Pass
Statement of profit and loss - Technical account
10
A
(72,000)
(88,200)
Statement of profit and loss - Technical account
13
A
(39,780)
(38,100)
(111,780) (126,300)
Analysis of underwriting results
14 C (111,780) (126,300) Pass Pass
Statement of profit and loss - Technical account
10
B
(36,000)
(44,100)
Statement of profit and loss - Technical account
13
B
(19,890)
(19,050)
(55,890) (63,150)
Analysis of underwriting results
14 I (55,890) (63,150) Pass Pass
Statement of profit and loss - Technical account
10
C
(12,000)
(14,700)
Statement of profit and loss - Technical account
13
C
(6,630)
(6,350)
(18,630) (21,050)
Analysis of underwriting results
14 O (18,630) (21,050) Pass Pass
Statement of profit and loss - Technical account
10
D
-
-
Statement of profit and loss - Technical account
13
D
-
-
- -
Analysis of underwriting results
14 U - - Pass Pass
Statement of profit and loss - Technical account
10
E
-
-
Statement of profit and loss - Technical account
13
E
-
-
- -
Analysis of underwriting results
14 AA - - Pass Pass
Statement of profit and loss - Technical account
10
F
-
-
Statement of profit and loss - Technical account
13
F
-
-
- -
Analysis of underwriting results
14 AG - - Pass Pass
Statement of profit and loss - Technical account
10
G
-
-
Statement of profit and loss - Technical account
13
G
-
-
- -
Analysis of underwriting results
14 AM - - Pass Pass
Statement of profit and loss - Technical account
10
H
(120,000)
(147,000)
Statement of profit and loss - Technical account
13
H
(66,300)
(63,500)
(186,300) (210,500)
Analysis of underwriting results
14 AS (186,300) (210,500) Pass Pass
Balance Sheet - Assets
4
A
12,390
8,190
Balance Sheet - Assets
5
A
87,000
64,980
Balance Sheet - Assets
6
A
-
-
99,390 73,170
Currency risk
2 H 99,390 73,170 Pass Pass
Balance Sheet - Assets
4
B
6,195
4,095
Balance Sheet - Assets
5
B
43,500
32,490
Balance Sheet - Assets
6
B
-
-
49,695 36,585
Currency risk
2 P 49,695 36,585 Pass Pass
Balance Sheet - Assets
4
C
2,065
1,365
Balance Sheet - Assets
5
C
14,500
10,830
Balance Sheet - Assets
6
C
-
-
16,565 12,195
Currency risk
2 X 16,565 12,195 Pass Pass
Indirect validations
# Classification: Unclassified
Balance Sheet - Assets
4
D
-
-
Balance Sheet - Assets
5
D
-
-
Balance Sheet - Assets
6
D
-
-
- -
Currency risk
2 AF - - Pass Pass
Balance Sheet - Assets
4
E
-
-
Balance Sheet - Assets
5
E
-
-
Balance Sheet - Assets
6
E
-
-
- -
Currency risk
2 AN - - Pass Pass
Balance Sheet - Assets
4
F
-
-
Balance Sheet - Assets
5
F
-
-
Balance Sheet - Assets
6
F
-
-
- -
Currency risk
2 AV - - Pass Pass
Balance Sheet - Assets
4
G
-
-
Balance Sheet - Assets
5
G
-
-
Balance Sheet - Assets
6
G
-
-
- -
Currency risk
2 BD - - Pass Pass
Balance Sheet - Assets
4
H
20,650
13,650
Balance Sheet - Assets
5
H
145,000
108,300
Balance Sheet - Assets
6
H
-
-
165,650 121,950
Currency risk
2 BL 165,650 121,950 Pass Pass
Balance Sheet - Assets
7
A
31,860
28,380
Balance Sheet - Assets
8
A
21,060
20,820
Balance Sheet - Assets
9
A
720
2,700
53,640 51,900
Currency risk
3 H 53,640 51,900 Pass Pass
Balance Sheet - Assets
7
B
15,930
14,190
Balance Sheet - Assets
8
B
10,530
10,410
Balance Sheet - Assets
9
B
360
1,350
26,820 25,950
Currency risk
3 P 26,820 25,950 Pass Pass
Balance Sheet - Assets
7
C
5,310
4,730
Balance Sheet - Assets
8
C
3,510
3,470
Balance Sheet - Assets
9
C
120
450
8,940 8,650
Currency risk
3 X 8,940 8,650 Pass Pass
Balance Sheet - Assets
7
D
-
-
Balance Sheet - Assets
8
D
-
-
Balance Sheet - Assets
9
D
-
-
- -
Currency risk
3 AF - - Pass Pass
Balance Sheet - Assets
7
E
-
-
Balance Sheet - Assets
8
E
-
-
Balance Sheet - Assets
9
E
-
-
- -
Currency risk
3 AN - - Pass Pass
Balance Sheet - Assets
7
F
-
-
Balance Sheet - Assets
8
F
-
-
Balance Sheet - Assets
9
F
-
-
- -
Currency risk
3 AV - - Pass Pass
Balance Sheet - Assets
7
G
-
-
Balance Sheet - Assets
8
G
-
-
Balance Sheet - Assets
9
G
-
-
- -
Currency risk
3 BD - - Pass Pass
Balance Sheet - Assets
7
H
53,100
47,300
Balance Sheet - Assets
8
H
35,100
34,700
Balance Sheet - Assets
9
H
1,200
4,500
89,400 86,500
Currency risk
3 BL 89,400 86,500 Pass Pass
Balance Sheet - Assets
10
A
-
-
Balance Sheet - Assets
11
A
4,800
11,400
Balance Sheet - Assets
12
A
360
300
5,160 11,700
Currency risk
4 H 5,160 11,700 Pass Pass
Balance Sheet - Assets
10
B
-
-
Balance Sheet - Assets
11
B
2,400
5,700
Balance Sheet - Assets
12
B
180
150
2,580 5,850
Currency risk
4 P 2,580 5,850 Pass Pass
Balance Sheet - Assets
10
C
-
-
Balance Sheet - Assets
11
C
800
1,900
Balance Sheet - Assets
12
C
60
50
860 1,950
Currency risk
4 X 860 1,950 Pass Pass
Balance Sheet - Assets
10
D
-
-
Balance Sheet - Assets
11
D
-
-
Balance Sheet - Assets
12
D
-
-
- -
Currency risk
4 AF - - Pass Pass
Balance Sheet - Assets
10
E
-
-
Balance Sheet - Assets
11
E
-
-
Balance Sheet - Assets
12
E
-
-
- -
Currency risk
4 AN - - Pass Pass
Balance Sheet - Assets
10
F
-
-
Balance Sheet - Assets
11
F
-
-
Balance Sheet - Assets
12
F
-
-
- -
Currency risk
4 AV - - Pass Pass
Balance Sheet - Assets
10
G
-
-
Balance Sheet - Assets
11
G
-
-
Balance Sheet - Assets
12
G
-
-
- -
Currency risk
4 BD - - Pass Pass
Balance Sheet - Assets
10
H
-
-
Balance Sheet - Assets
11
H
8,000
19,000
Balance Sheet - Assets
12
H
600
500
8,600 19,500
Currency risk
4 BL 8,600 19,500 Pass Pass
Balance Sheet - Assets
13
A
2,100
2,160
Balance Sheet - Assets
14
A
18,000
16,320
Balance Sheet - Assets
15
A
600
240
20,700 18,720
Currency risk
5 H 20,700 18,720 Pass Pass
Balance Sheet - Assets
13
B
1,050
1,080
Balance Sheet - Assets
14
B
9,000
8,160
Balance Sheet - Assets
15
B
300
120
10,350 9,360
Currency risk
5 P 10,350 9,360 Pass Pass
Balance Sheet - Assets
13
C
350
360
Balance Sheet - Assets
14
C
3,000
2,720
Balance Sheet - Assets
15
C
100
40
3,450 3,120
Currency risk
5 X 3,450 3,120 Pass Pass
# Classification: Unclassified
Balance Sheet - Assets
13
D
-
-
Balance Sheet - Assets
14
D
-
-
Balance Sheet - Assets
15
D
-
-
- -
Currency risk
5 AF - - Pass Pass
Balance Sheet - Assets
13
E
-
-
Balance Sheet - Assets
14
E
-
-
Balance Sheet - Assets
15
E
-
-
- -
Currency risk
5 AN - - Pass Pass
Balance Sheet - Assets
13
F
-
-
Balance Sheet - Assets
14
F
-
-
Balance Sheet - Assets
15
F
-
-
- -
Currency risk
5 AV - - Pass Pass
Balance Sheet - Assets
13
G
-
-
Balance Sheet - Assets
14
G
-
-
Balance Sheet - Assets
15
G
-
-
- -
Currency risk
5 BD - - Pass Pass
Balance Sheet - Assets
13
H
3,500
3,600
Balance Sheet - Assets
14
H
30,000
27,200
Balance Sheet - Assets
15
H
1,000
400
34,500 31,200
Currency risk
5 BL 34,500 31,200 Pass Pass
Balance Sheet - Liabilities
3
A
75,330
60,360
Balance Sheet - Liabilities
4
A
256,200
215,580
Balance Sheet - Liabilities
5
A
-
-
Balance Sheet - Liabilities
6
A
-
-
331,530 275,940
Currency risk
7 H (331,530) (275,940) Pass Pass
Balance Sheet - Liabilities
3
B
37,665
30,180
Balance Sheet - Liabilities
4
B
128,100
107,790
Balance Sheet - Liabilities
5
B
-
-
Balance Sheet - Liabilities
6
B
-
-
165,765 137,970
Currency risk
7 P (165,765) (137,970) Pass Pass
Balance Sheet - Liabilities
3
C
12,555
10,060
Balance Sheet - Liabilities
4
C
42,700
35,930
Balance Sheet - Liabilities
5
C
-
-
Balance Sheet - Liabilities
6
C
-
-
55,255 45,990
Currency risk
7 X (55,255) (45,990) Pass Pass
Balance Sheet - Liabilities
3
D
-
-
Balance Sheet - Liabilities
4
D
-
-
Balance Sheet - Liabilities
5
D
-
-
Balance Sheet - Liabilities
6
D
-
-
- -
Currency risk
7 AF - - Pass Pass
Balance Sheet - Liabilities
3
E
-
-
Balance Sheet - Liabilities
4
E
-
-
Balance Sheet - Liabilities
5
E
-
-
Balance Sheet - Liabilities
6
E
-
-
- -
Currency risk
7 AN - - Pass Pass
Balance Sheet - Liabilities
3
F
-
-
Balance Sheet - Liabilities
4
F
-
-
Balance Sheet - Liabilities
5
F
-
-
Balance Sheet - Liabilities
6
F
-
-
- -
Currency risk
7 AV - - Pass Pass
Balance Sheet - Liabilities
3
G
-
-
Balance Sheet - Liabilities
4
G
-
-
Balance Sheet - Liabilities
5
G
-
-
Balance Sheet - Liabilities
6
G
-
-
- -
Currency risk
7 BD - - Pass Pass
Balance Sheet - Liabilities
3
H
125,550
100,600
Balance Sheet - Liabilities
4
H
427,000
359,300
Balance Sheet - Liabilities
5
H
-
-
Balance Sheet - Liabilities
6
H
-
-
552,550 459,900
Currency risk
7 BL (552,550) (459,900) Pass Pass
Balance Sheet - Liabilities
9
A
31,380
22,920
Balance Sheet - Liabilities
10
A
18,840
16,920
Balance Sheet - Liabilities
11
A
2,040
1,200
Balance Sheet - Liabilities
12
A
1,800
1,500
54,060 42,540
Currency risk
10 H (54,060) (42,540) Pass Pass
Balance Sheet - Liabilities
9
B
15,690
11,460
Balance Sheet - Liabilities
10
B
9,420
8,460
Balance Sheet - Liabilities
11
B
1,020
600
Balance Sheet - Liabilities
12
B
900
750
27,030 21,270
Currency risk
10 P (27,030) (21,270) Pass Pass
Balance Sheet - Liabilities
9
C
5,230
3,820
Balance Sheet - Liabilities
10
C
3,140
2,820
Balance Sheet - Liabilities
11
C
340
200
Balance Sheet - Liabilities
12
C
300
250
9,010 7,090
Currency risk
10 X (9,010) (7,090) Pass Pass
Balance Sheet - Liabilities
9
D
-
-
Balance Sheet - Liabilities
10
D
-
-
Balance Sheet - Liabilities
11
D
-
-
Balance Sheet - Liabilities
12
D
-
-
- -
Currency risk
10 AF - - Pass Pass
Balance Sheet - Liabilities
9
E
-
-
Balance Sheet - Liabilities
10
E
-
-
Balance Sheet - Liabilities
11
E
-
-
Balance Sheet - Liabilities
12
E
-
-
- -
Currency risk
10 AN - - Pass Pass
Balance Sheet - Liabilities
9
F
-
-
Balance Sheet - Liabilities
10
F
-
-
Balance Sheet - Liabilities
11
F
-
-
Balance Sheet - Liabilities
12
F
-
-
- -
Currency risk
10 AV - - Pass Pass
Balance Sheet - Liabilities
9
G
-
-
Balance Sheet - Liabilities
10
G
-
-
Balance Sheet - Liabilities
11
G
-
-
Balance Sheet - Liabilities
12
G
-
-
- -
Currency risk
10 BD - - Pass Pass
# Classification: Unclassified
Balance Sheet - Liabilities
9
H
52,300
38,200
Balance Sheet - Liabilities
10
H
31,400
28,200
Balance Sheet - Liabilities
11
H
3,400
2,000
Balance Sheet - Liabilities
12
H
3,000
2,500
90,100 70,900
Currency risk
10 BL (90,100) (70,900) Pass Pass
Balance Sheet - Liabilities
4
A
256,200
215,580
Balance Sheet - Liabilities
5
A
-
-
256,200 215,580
Discounted claims values
1 C 256,200 215,580 Pass Pass
Balance Sheet - Liabilities
4
B
128,100
107,790
Balance Sheet - Liabilities
5
B
-
-
128,100 107,790
Discounted claims values
1 F 128,100 107,790 Pass Pass
Balance Sheet - Liabilities
4
C
42,700
35,930
Balance Sheet - Liabilities
5
C
-
-
42,700 35,930
Discounted claims values
1 I 42,700 35,930 Pass Pass
Balance Sheet - Liabilities
4
D
-
-
Balance Sheet - Liabilities
5
D
-
-
- -
Discounted claims values
1 L - - Pass Pass
Balance Sheet - Liabilities
4
E
-
-
Balance Sheet - Liabilities
5
E
-
-
- -
Discounted claims values
1 O - - Pass Pass
Balance Sheet - Liabilities
4
F
-
-
Balance Sheet - Liabilities
5
F
-
-
- -
Discounted claims values
1 R - - Pass Pass
Balance Sheet - Liabilities
4
G
-
-
Balance Sheet - Liabilities
5
G
-
-
- -
Discounted claims values
1 U - - Pass Pass
Balance Sheet - Liabilities
4
H
427,000
359,300
Balance Sheet - Liabilities
5
H
-
-
427,000 359,300
Discounted claims values
1 X 427,000 359,300 Pass Pass
Balance Sheet - Assets
5
A
87,000
64,980
Balance Sheet - Assets
6
A
-
-
87,000 64,980
Discounted claims values
2 C (87,000) (64,980) Pass Pass
Balance Sheet - Assets
5
B
43,500
32,490
Balance Sheet - Assets
6
B
-
-
43,500 32,490
Discounted claims values
2 F (43,500) (32,490) Pass Pass
Balance Sheet - Assets
5
C
14,500
10,830
Balance Sheet - Assets
6
C
-
-
14,500 10,830
Discounted claims values
2 I (14,500) (10,830) Pass Pass
Balance Sheet - Assets
5
D
-
-
Balance Sheet - Assets
6
D
-
-
- -
Discounted claims values
2 L - - Pass Pass
Balance Sheet - Assets
5
E
-
-
Balance Sheet - Assets
6
E
-
-
- -
Discounted claims values
2 O - - Pass Pass
Balance Sheet - Assets
5
F
-
-
Balance Sheet - Assets
6
F
-
-
- -
Discounted claims values
2 R - - Pass Pass
Balance Sheet - Assets
5
G
-
-
Balance Sheet - Assets
6
G
-
-
- -
Discounted claims values
2 U - - Pass Pass
Balance Sheet - Assets
5
H
145,000
108,300
Balance Sheet - Assets
6
H
-
-
145,000 108,300
Discounted claims values
2 X (145,000) (108,300) Pass Pass
# Classification: Unclassified
S/N Section Content Link
1
Statement of profit and loss Click here
2
Balance sheet Click here
3
Statement of Changes in members balances Click here
4
Exposure to credit risk Click here
5
Financial assets that are past due or impaired Click here
6
Age analysis of past due not impaired Click here
7
Maturity analysis of syndicate liabilities Click here
8
Currency risk Click here
9
Sensitivity analysis to market risks Click here
10
Claims development; Gross Click here
11
Claims development; Net Click here
12
Discount rates and mean terms Click here
13
Discount claims values Click here
14
Analysis of underwriting results Click here
15
Geographical split of gross written premium by origination Click here
16
Net operating expenses Click here
17
Investment return Click here
18
Financial Investments Click here
19
Assets by Fair value hierarchy classification Click here
20
Debtors Click here
21
Creditors Click here
22
Foreign exchange rates Click here
Other notes
Content
Primary
statements
Risk
management
note
Other claims
notes
# Classification: Unclassified
<<< Back to ToC
# Classification: Unclassified
0112
<<< Back to ToC
Statement of Profit or Loss
Technical account –General business
For the year ended 31 December 2025
Figures in thousands of GBP
2025 2025 UY 2024 UY 2023 UY Total
A B C H
1 Gross premiums written 217,500 108,750 36,250 362,500
2 Outwards reinsurance premiums (52,200 ) (26,100 ) (8,700 ) (87,000 )
3 Premiums written, net of reinsurance 165,300 82,650 27,550 275,500
Changes in unearned premium
4 Change in the gross provision for unearned premiums (15,000 ) (7,500 ) (2,500 ) (25,000 )
5 Change in the provision for unearned premiums reinsurers’ share 4,200 2,100 700 7,000
6 Net change in provisions for unearned premiums (10,800 ) (5,400 ) (1,800 ) (18,000 )
7 Earned premiums, net of reinsurance 154,500 77,250 25,750 257,500
8
Allocated investment return transferred from the non-technical account
9 Other technical income, net of reinsurance 900 450 150 1,500
Claims paid
10 Gross amount - Claims paid (72,000 ) (36,000 ) (12,000 ) (120,000 )
11 Reinsurers’ share - Claims paid 19,200 9,600 3,200 32,000
12 Net claims paid (52,800 ) (26,400 ) (8,800 ) (88,000 )
Change in the provision for claims
13 Gross amount - Change in the provision for claims (39,780 ) (19,890 ) (6,630 ) (66,300 )
14 Reinsurers’ share - Change in the provision for claims 21,720 10,860 3,620 36,200
15 Net change in provisions for claims (18,060 ) (9,030 ) (3,010 ) (30,100 )
16 Claims incurred, net of reinsurance (70,860 ) (35,430 ) (11,810 ) (118,100 )
Changes in other technical provisions, net of reinsurance, not shown under other
headings
Long term business provision, net of reinsurance
17 Gross amount - Long term business provision -
18 Reinsurers’ share - Long term business provision -
19 Net change in long term business provisions - - - -
20 Other technical provisions, net of reinsurance -
21 Net change in other technical provisions, including long term business provisions - - - -
22 Net operating expenses (63,924 ) (31,962 ) (10,654 ) (106,540 )
23 Other technical charges, net of reinsurance (900 ) (450 ) (150 ) (1,500 )
24 Balance on the technical account – general business/ long-term business 24,000 12,000 4,000 40,000
Non-technical account –General business
For the year ended 31 December 2025
Figures in thousands of GBP
2025 2025 UY 2024 UY 2023 UY Total
A B C H
1
Balance on the technical account - general business / long-term business
2
Investment income
3
Realised gains/(losses) on investments
4
Unrealised gains/(losses) on investments
(240 )
(120 )
(40 )
(400 )
5
Investment expenses and charges
(396 )
(198 )
(66 )
(660 )
6
Total Investment return
7
Allocated investment return transferred to technical account
(4,284 )
(2,142 )
(714 )
(7,140 )
8
Gain/(loss) on foreign exchange
(1,380 )
(690 )
(230 )
(2,300 )
9
Other income
10
Other expenses
(2,700 )
(1,350 )
(450 )
(4,500 )
11
Profit/(loss) for the financial year
12
Currency translation gain/(loss)
13
Unrealised gains/(losses) on available for sale investments
-
14
Realised gains/(losses) on available for sale investments
-
15
Reclassifications through profit or loss
16
Other recognised gains/(losses)
(1,200 )
(600 )
(200 )
(2,000 )
17
Other
(600 )
(300 )
(100 )
(1,000 )
18
Total comprehensive income/(loss) for the year
# Classification: Unclassified
2024 - Statement of Profit or Loss
Technical account – General business
For the year ended 31 December 2024
Figures in thousands of GBP
2024 2024 UY 2023 UY 2022 UY Total
A B C H
1 Gross premiums written 203,040 101,520 33,840 338,400
2 Outwards reinsurance premiums (54,000 ) (27,000 ) (9,000 ) (90,000 )
3 Premiums written, net of reinsurance 149,040 74,520 24,840 248,400
Changes in unearned premium
4 Change in the gross provision for unearned premiums 27,000 13,500 4,500 45,000
5 Change in the provision for unearned premiums reinsurers’ share (7,200 ) (3,600 ) (1,200 ) (12,000 )
6 Net change in provisions for unearned premiums 19,800 9,900 3,300 33,000
7 Earned premiums, net of reinsurance 168,840 84,420 28,140 281,400
8
Allocated investment return transferred from the non-technical account
9 Other technical income, net of reinsurance 1,200 600 200 2,000
Claims paid
10 Gross amount - Claims paid (88,200 ) (44,100 ) (14,700 ) (147,000 )
11 Reinsurers’ share - Claims paid 24,600 12,300 4,100 41,000
12 Net claims paid (63,600 ) (31,800 ) (10,600 ) (106,000 )
Change in the provision for claims
13 Gross amount - Change in the provision for claims (38,100 ) (19,050 ) (6,350 ) (63,500 )
14 Reinsurers’ share - Change in the provision for claims 21,600 10,800 3,600 36,000
15 Net change in provisions for claims (16,500 ) (8,250 ) (2,750 ) (27,500 )
16 Claims incurred, net of reinsurance (80,100 ) (40,050 ) (13,350 ) (133,500 )
Changes in other technical provisions, net of reinsurance, not shown under other
headings
Long term business provision, net of reinsurance
17 Gross amount - Long term business provision -
18 Reinsurers’ share - Long term business provision -
19 Net change in long term business provisions - - - -
20 Other technical provisions, net of reinsurance -
21 Net change in other technical provisions, including long term business provisions - - - -
22 Net operating expenses (67,974 ) (33,987 ) (11,329 ) (113,290 )
23 Other technical charges, net of reinsurance (1,200 ) (600 ) (200 ) (2,000 )
24 Balance on the technical account – general business/ long-term business 25,020 12,510 4,170 41,700
Non-technical account – General business
For the year ended 31 December 2024
Figures in thousands of GBP
2024 2024 UY 2023 UY 2022 UY Total
A B C H
1 | Balance on the technical account - general business / long-term business | | |||
| 2 | Investment income | | | | |
3 | Realised gains/(losses) on investments | ||||
4 | Unrealised gains/(losses) on investments | ||||
5 | Investment expenses and charges | ( | ( | ( | ( |
6 | Total investment return | ||||
7 | Allocated investment return transferred to technical account | ( | ( | ( | ( |
8 | Gain/(loss) on foreign exchange | ( | ( | ( | ( |
9 | Other income | - | |||
10 | Other expenses | - | |||
11 | Profit/(loss) for the financial year | ||||
12 | Currency translation gain/(loss) | ( | ( | ( | ( |
13 | Unrealised gains/(losses) on available for sale investments | - | |||
14 | Realised gains/(losses) on available for sale investments | - | |||
15 | Reclassifications through profit or loss | - | |||
16 | Other recognised gains/(losses) | ||||
17 | Other | ||||
18 | Total comprehensive income/(loss) for the year |
# Classification: Unclassified
0112
Balance sheet – Assets
<<< Back to ToC
For the year ended 31 December 2025
Figures in thousands of GBP
2025
2025 UY 2024 UY 2023 UY Total
A B C H
1 Financial investments 230,400 115,200 38,400 384,000
2 Deposits with ceding undertakings 600 300 100 1,000
Investments 231,000 115,500 38,500 385,000
4 Provision for unearned premiums 12,390 6,195 2,065 20,650
5 Claims outstanding 87,000 43,500 14,500 145,000
6 Long term business provisions -
Reinsurers’ share of technical provisions 99,390 49,695 16,565 165,650
7 Debtors arising out of direct insurance operations 31,860 15,930 5,310 53,100
8 Debtors arising out of reinsurance operations 21,060 10,530 3,510 35,100
9 Other debtors 720 360 120 1,200
Debtors 53,640 26,820 8,940 89,400
10 Tangible assets - - - -
11 Cash at bank and in hand 4,800 2,400 800 8,000
12 Other 360 180 60 600
Other assets 5,160 2,580 860 8,600
13 Accrued interest and rent 2,100 1,050 350 3,500
14 Deferred acquisition costs 18,000 9,000 3,000 30,000
15 Other prepayments and accrued income 600 300 100 1,000
Prepayments and accrued income 20,700 10,350 3,450 34,500
16 Total assets 409,890 204,945 68,315 683,150
Balance sheet (cont’d) – Liabilities
For the year ended 31 December 2025
Figures in thousands of GBP
2025
2025 UY 2024 UY 2023 UY Total
A B C H
1 | Members’ balances | ||||
2 | Total capital and reserves | ||||
3 | Provision for unearned premiums | ||||
4 | Claims outstanding | ||||
5 | Long term business provision | - | |||
6 | Other technical provisions | - | |||
Technical provisions | |||||
7 | Provisions for other risks | - | |||
8 | Deposits received from reinsurers | ||||
9 | Creditors arising out of direct insurance operations | ||||
10 | Creditors arising out of reinsurance operations | ||||
11 | Other creditors including taxation and social security | ||||
12 | Amounts owed to credit institutions | ||||
Creditors | |||||
13 | Accruals and deferred income | ||||
14 | Total liabilities | ||||
15 | Total liabilities, capital and reserves |
# Classification: Unclassified
2024 - Balance Sheet
Balance sheet – Assets
For the year ended 31 December 2024
Figures in thousands of GBP
2024
2024 UY 2023 UY 2022 UY Total
A B C H
1 Financial investments 192,000 96,000 32,000 320,000
2 Deposits with ceding undertakings 600 300 100 1,000
Investments 192,600 96,300 32,100 321,000
4 Provision for unearned premiums 8,190 4,095 1,365 13,650
5 Claims outstanding 64,980 32,490 10,830 108,300
6 Long term business provision - - - -
Reinsurers’ share of technical provisions 73,170 36,585 12,195 121,950
7 Debtors arising out of direct insurance operations 28,380 14,190 4,730 47,300
8 Debtors arising out of reinsurance operations 20,820 10,410 3,470 34,700
9 Other debtors 2,700 1,350 450 4,500
Debtors 51,900 25,950 8,650 86,500
10 Tangible assets - - - -
11 Cash at bank and in hand 11,400 5,700 1,900 19,000
12 Other 300 150 50 500
Other assets 11,700 5,850 1,950 19,500
13 Accrued interest and rent 2,160 1,080 360 3,600
14 Deferred acquisition costs 16,320 8,160 2,720 27,200
15 Other prepayments and accrued income 240 120 40 400
Prepayments and accrued income 18,720 9,360 3,120 31,200
16 Total assets 348,090 174,045 58,015 580,150
Balance sheet (cont’d) – Liabilities
For the year ended 31 December 2024
Figures in thousands of GBP
2024
2024 UY 2023 UY 2022 UY Total
A B C H
1 | Members’ balances | ||||
2 | Total capital and reserves | ||||
3 | Provision for unearned premiums | ||||
4 | Claims outstanding | ||||
5 | Long term business provision | - | |||
6 | Other technical provisions | - | |||
Technical provisions | |||||
7 | Provisions for other risks | - | |||
8 | Deposits received from reinsurers | ||||
9 | Creditors arising out of direct insurance operations | ||||
10 | Creditors arising out of reinsurance operations | ||||
11 | Other creditors including taxation and social security | ||||
12 | Amounts owed to credit institutions | ||||
Creditors | |||||
13 | Accruals and deferred income | ||||
14 | Total liabilities | ||||
15 | Total liabilities, capital and reserves |
# Classification: Unclassified
0112
Statement of Changes in members' balances
<<< Back to ToC
For the year ended 31 December 2025
Figures in thousands of GBP
2025
2025 UY 2024 UY 2023 UY Total
A B C H
1 Members’ balances brought forward at 1 January
2 Total comprehensive income/(loss) for the year
3 Payments of profit to members’ personal reserve funds
(26,310 ) (13,155 ) (4,385 ) (43,850 )
4 Losses collected in relation to distribution on closure of underwriting year
-
5 Cash calls on open underwriting years
-
6 Members agent fees
-
7 Net movement on funds in syndicate
-
8 Other
(360 ) (180 ) (60 ) (600 )
9 Members’ balances carried forward at 31 December
2024 - Statement of Changes in members balances
Statement of Changes in members' balances
For the year ended 31 December 2024
Figures in thousands of GBP
2024 | 2024 UY | 2023 UY | 2022 UY | Total | |
| A | B | C | H | ||
| 1 | Members’ balances brought forward at 1 January | | | | |
| 2 | Total comprehensive income/(loss) for the year | | | | |
| 3 | Payments of profit to members’ personal reserve funds | ( | ( | ( | ( |
| 4 | Losses collected in relation to distribution on closure of underwriting year | - | |||
| 5 | Cash calls on open underwriting years | - | |||
| 6 | Members agent fees | - | |||
| 7 | Net movement on funds in syndicate | - | |||
| 8 | Other | ( | ( | ( | ( |
| 9 | Members’ balances carried forward at 31 December |
# Classification: Unclassified
<<< Back to ToC
# Classification: Unclassified
<<< Back to ToC
# Classification: Unclassified
Exposure to credit risk
<<< Back to ToC
Figures in thousands of GBP
2025 UY
Year 2025 AAA AA A BBB Other Not rated
Total
A B C D E F G
1
Shares and other variable yield securities and units in
unit trusts
2 Debt securities and other fixed income securities
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions
6 Derivative assets
7 Syndicate loan to Central Fund -
8 Other investments
9 Deposits with ceding undertakings 600 600
10 Reinsurers’ share of claims outstanding
11 Debtors arising out of direct insurance operations 28,350 28,350
12 Debtors arising out of reinsurance operations 18,096 18,096
13 Other debtors and accrued interest 3,780 3,780
14 Cash at bank and in hand
15 Total 57,000 196,800 55,200 13,200 18,696 32,130 373,026
2024 UY
Year 2025 AAA AA A BBB Other Not rated
Total
H I J K L M N
1 Shares and other variable yield securities and units in unit trusts | | | | ||||
| 2 Debt securities and other fixed income securities | | | |||||
| 3 Participation in investment pools | - | ||||||
| 4 Loans secured by mortgages | - | ||||||
| 5 Loans and deposits with credit institutions | | | |||||
| 6 Derivative assets | |||||||
| 7 Syndicate loan to Central Fund | - | ||||||
| 8 Other investments | | | |||||
| 9 Deposits with ceding undertakings | |||||||
| 10 Reinsurers’ share of claims outstanding | |||||||
| 11 Debtors arising out of direct insurance operations | | ||||||
| 12 Debtors arising out of reinsurance operations | |||||||
| 13 Other debtors and accrued interest | | ||||||
| 14 Cash at bank and in hand | | | |||||
| 15 Total |
# Classification: Unclassified
2023 UY
Year 2025 AAA AA A BBB Other Not rated
Total
O P Q R S T U
1 Shares and other variable yield securities and units in unit trusts | | | | ||||
| 2 Debt securities and other fixed income securities | | | | ||||
| 3 Participation in investment pools | - | ||||||
| 4 Loans secured by mortgages | - | ||||||
| 5 Loans and deposits with credit institutions | | | |||||
| 6 Derivative assets | |||||||
| 7 Syndicate loan to Central Fund | - | ||||||
| 8 Other investments | | | |||||
| 9 Deposits with ceding undertakings | |||||||
| 10 Reinsurers’ share of claims outstanding | |||||||
| 11 Debtors arising out of direct insurance operations | | ||||||
| 12 Debtors arising out of reinsurance operations | |||||||
| 13 Other debtors and accrued interest | | ||||||
| 14 Cash at bank and in hand | | | |||||
| 15 Total |
Total
Year 2025 AAA AA A BBB Other Not rated
Total
AX AY AZ AAA AAB AAC AAD
1
Shares and other variable yield securities and units in
unit trusts
2 Debt securities and other fixed income securities 30,000 104,500 14,000 6,500 - - 155,000
3 Participation in investment pools - - - - - - -
4 Loans secured by mortgages - - - - - - -
5 Loans and deposits with credit institutions 33,000 29,000 23,000 - - - 85,000
6 Derivative assets - - 2,600 - - - 2,600
7 Syndicate loan to Central Fund - - - - - - -
8 Other investments 10,000 6,000 2,400 - - - 18,400
9 Deposits with ceding undertakings - - - - 1,000 - 1,000
10 Reinsurers’ share of claims outstanding - 93,000 39,000 13,000 - - 145,000
11 Debtors arising out of direct insurance operations - - - - - 47,250 47,250
12 Debtors arising out of reinsurance operations - - - - 30,160 - 30,160
13 Other debtors and accrued interest - - - - - 6,300 6,300
14 Cash at bank and in hand 2,000 5,000 1,000 - - - 8,000
15 Total 95,000 328,000 92,000 22,000 31,160 53,550 621,710
# Classification: Unclassified
2024 - Exposure to credit risk
<<< Back to ToC
Figures in thousands of
2024 UY
Year 2024 AAA AA A BBB Other Not rated
Total
A B C D E F G
1
Shares and other variable yield securities and units in
unit trusts
2 Debt securities and other fixed income securities
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions
6 Derivative assets
7 Syndicate loan to Central Fund -
8 Other investments
9 Deposits with ceding undertakings
10 Reinsurers’ share of claims outstanding
11 Debtors arising out of direct insurance operations 25,350 25,350
12 Debtors arising out of reinsurance operations
13 Other debtors and accrued interest
14 Cash at bank and in hand
15 Total 53,640 164,160 38,400 11,580 19,002 30,750 317,532
2023 UY
Year 2024 AAA AA A BBB Other Not rated
Total
H I J K L M N
1
Shares and other variable yield securities and units in
unit trusts
2 Debt securities and other fixed income securities
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions
6 Derivative assets
7 Syndicate loan to Central Fund -
8 Other investments
9 Deposits with ceding undertakings
10 Reinsurers’ share of claims outstanding
11 Debtors arising out of direct insurance operations 12,675 12,675
12 Debtors arising out of reinsurance operations
13 Other debtors and accrued interest
14 Cash at bank and in hand
15 Total 26,820 82,080 19,200 5,790 9,501 15,375 158,766
# Classification: Unclassified
2022 UY
Year 2024 AAA AA A BBB Other Not rated
Total
O P Q R S T U
1
Shares and other variable yield securities and units in
unit trusts
2 Debt securities and other fixed income securities
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions
6 Derivative assets
7 Syndicate loan to Central Fund -
8 Other investments
9 Deposits with ceding undertakings
10 Reinsurers’ share of claims outstanding
11 Debtors arising out of direct insurance operations 4,225 4,225
12 Debtors arising out of reinsurance operations
13 Other debtors and accrued interest
14 Cash at bank and in hand
15 Total 8,940 27,360 6,400 1,930 3,167 5,125 52,922
Total
Year 2024 AAA AA A BBB Other Not rated
Total
AX AY AZ AAA AAB AAC AAD
1
Shares and other variable yield securities and units in
unit trusts
2 Debt securities and other fixed income securities 29,000 100,000 20,000 6,000 1,000 - 156,000
3 Participation in investment pools - - - - - - -
4 Loans secured by mortgages - - - - - - -
5 Loans and deposits with credit institutions 30,000 17,000 13,000 - - - 60,000
6 Derivative assets - - 5,700 - - - 5,700
7 Syndicate loan to Central Fund - - - - - - -
8 Other investments 8,000 2,000 300 - - - 10,300
9 Deposits with ceding undertakings - - - - 1,000 - 1,000
10 Reinsurers’ share of claims outstanding - 86,000 15,000 7,300 - - 108,300
11 Debtors arising out of direct insurance operations - - - - - 42,250 42,250
12 Debtors arising out of reinsurance operations - - - - 29,670 - 29,670
13 Other debtors and accrued interest - - - - - 9,000 9,000
14 Cash at bank and in hand 2,400 12,600 4,000 - - - 19,000
15 Total 89,400 273,600 64,000 19,300 31,670 51,250 529,220
# Classification: Unclassified
Financial assets that are not past due, past due or impaired
<<< Back to ToC
Figures in thousands of GBP
2025 UY
Year 2025
A
B
C
D
E
1
Shares and other variable yield securities and units in unit trusts
2 Debt securities and other fixed income securities 93,000 93,000
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions 51,000 51,000
6 Derivative assets 1,560 1,560
7 Syndicate loan to Central Fund -
8 Other investments 11,040 11,040
9 Deposits with ceding undertakings 600 600
10 Reinsurers’ share of claims outstanding 87,000 87,000
11 Debtors arising out of direct insurance operations 28,350 3,366 414 (270 ) 31,860
12 Debtors arising out of reinsurance operations 18,096 2,856 306 (198 ) 21,060
13 Other debtors and accrued interest 3,780 3,780
14 Cash at bank and in hand 4,800 4,800
15 Total 373,026 6,222 720 (468 ) 379,500
2024 UY
Year 2025
F G H I
J
1
Shares and other variable yield securities and units in unit trusts
2 Debt securities and other fixed income securities 46,500 46,500
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions 25,500 25,500
6 Derivative assets 780 780
7 Syndicate loan to Central Fund -
8 Other investments 5,520 5,520
9 Deposits with ceding undertakings 300 300
10 Reinsurers’ share of claims outstanding 43,500 43,500
11 Debtors arising out of direct insurance operations 14,175 1,683 207 (135 ) 15,930
12 Debtors arising out of reinsurance operations 9,048 1,428 153 (99 ) 10,530
13 Other debtors and accrued interest 1,890 1,890
14 Cash at bank and in hand 2,400 2,400
15 Total 186,513 3,111 360 (234 ) 189,750
Gross value of
impaired assets
Impairment
allowance
Total
Total
Neither past due nor
impaired assets
Past due but not
impaired
Past due but not
impaired
Neither past due nor
impaired assets
Gross value of
impaired assets
Impairment
allowance
# Classification: Unclassified
2023 UY
Year 2025
K
L
M
N
O
1
Shares and other variable yield securities and units in unit trusts
2 Debt securities and other fixed income securities 15,500 15,500
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions 8,500 8,500
6 Derivative assets 260 260
7 Syndicate loan to Central Fund -
8 Other investments 1,840 1,840
9 Deposits with ceding undertakings 100 100
10 Reinsurers’ share of claims outstanding 14,500 14,500
11 Debtors arising out of direct insurance operations 4,725 561 69 (45 ) 5,310
12 Debtors arising out of reinsurance operations 3,016 476 51 (33 ) 3,510
13 Other debtors and accrued interest 630 630
14 Cash at bank and in hand 800 800
15 Total 62,171 1,037 120 (78 ) 63,250
Total
Year 2025
AJ
AK
AL
AM
AN
1
Shares and other variable yield securities and units in unit trusts
2 Debt securities and other fixed income securities 155,000 - - - 155,000
3 Participation in investment pools - - - - -
4 Loans secured by mortgages - - - - -
5 Loans and deposits with credit institutions 85,000 - - - 85,000
6 Derivative assets 2,600 - - - 2,600
7 Syndicate loan to Central Fund - - - - -
8 Other investments 18,400 - - - 18,400
9 Deposits with ceding undertakings 1,000 - - - 1,000
10 Reinsurers’ share of claims outstanding 145,000 - - - 145,000
11 Debtors arising out of direct insurance operations 47,250 5,610 690 (450 ) 53,100
12 Debtors arising out of reinsurance operations 30,160 4,760 510 (330 ) 35,100
13 Other debtors and accrued interest 6,300 - - - 6,300
14 Cash at bank and in hand 8,000 - - - 8,000
15 Total 621,710 10,370 1,200 (780 ) 632,500
Neither past due nor
impaired assets
Gross value of
impaired assets
Impairment
allowance
Total
Past due but not
impaired
Past due but not
impaired
Neither past due nor
impaired assets
Gross value of
impaired assets
Impairment
allowance
Total
# Classification: Unclassified
2024 - Financial assets that are not past due, past due or impaired
Figures in thousands of GBP
2024 UY
Year 2024
A
B
C
D
E
1
Shares and other variable yield securities and units in unit trusts
2 Debt securities and other fixed income securities 93,600 93,600
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions 36,000 36,000
6 Derivative assets 3,420 3,420
7 Syndicate loan to Central Fund -
8 Other investments 6,180 6,180
9 Deposits with ceding undertakings 600 600
10 Reinsurers’ share of claims outstanding 64,980 64,980
11 Debtors arising out of direct insurance operations 25,350 2,892 390 (252 ) 28,380
12 Debtors arising out of reinsurance operations 17,802 2,868 336 (186 ) 20,820
13 Other debtors and accrued interest 5,400 5,400
14 Cash at bank and in hand 11,400 11,400
15 Total 317,532 5,760 726 (438 ) 323,580
2023 UY
Year 2024
F G H I
J
1
Shares and other variable yield securities and units in unit trusts
2 Debt securities and other fixed income securities 46,800 46,800
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions 18,000 18,000
6 Derivative assets 1,710 1,710
7 Syndicate loan to Central Fund -
8 Other investments 3,090 3,090
9 Deposits with ceding undertakings 300 300
10 Reinsurers’ share of claims outstanding 32,490 32,490
11 Debtors arising out of direct insurance operations 12,675 1,446 195 (126 ) 14,190
12 Debtors arising out of reinsurance operations 8,901 1,434 168 (93 ) 10,410
13 Other debtors and accrued interest 2,700 2,700
14 Cash at bank and in hand 5,700 5,700
15 Total 158,766 2,880 363 (219 ) 161,790
Impairment
allowance
Total
Neither past due nor
impaired assets
Gross value of
impaired assets
Impairment
allowance
Total
Past due but not
impaired
Past due but not
impaired
Neither past due nor
impaired assets
Gross value of
impaired assets
# Classification: Unclassified
2022 UY
Year 2024
K
L
M
N
O
1
Shares and other variable yield securities and units in unit trusts
2 Debt securities and other fixed income securities 15,600 15,600
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions 6,000 6,000
6 Derivative assets 570 570
7 Syndicate loan to Central Fund -
8 Other investments 1,030 1,030
9 Deposits with ceding undertakings 100 100
10 Reinsurers’ share of claims outstanding 10,830 10,830
11 Debtors arising out of direct insurance operations 4,225 482 65 (42 ) 4,730
12 Debtors arising out of reinsurance operations 2,967 478 56 (31 ) 3,470
13 Other debtors and accrued interest 900 900
14 Cash at bank and in hand 1,900 1,900
15 Total 52,922 960 121 (73 ) 53,930
Total
Year 2024
AJ | AK | AL | AM | AN | ||
1 | Shares and other variable yield securities and units in unit trusts | |||||
| 2 | Debt securities and other fixed income securities | | | | | |
| 3 | Participation in investment pools | - | - | - | - | - |
| 4 | Loans secured by mortgages | - | - | - | - | - |
| 5 | Loans and deposits with credit institutions | | | | | |
| 6 | Derivative assets | | | | | |
| 7 | Syndicate loan to Central Fund | - | - | - | - | - |
| 8 | Other investments | | | | | |
| 9 | Deposits with ceding undertakings | | | | | |
| 10 | Reinsurers’ share of claims outstanding | | | | | |
| 11 | Debtors arising out of direct insurance operations | | | ( | | |
| 12 | Debtors arising out of reinsurance operations | | | ( | | |
| 13 | Other debtors and accrued interest | | | | | |
| 14 | Cash at bank and in hand | | | | | |
| 15 | Total | | ( | |
Total
Gross value of
impaired assets
Neither past due nor
impaired assets
Past due but not
impaired
Impairment
allowance
Neither past due nor
impaired assets
Gross value of
impaired assets
Impairment
allowance
Past due but not
impaired
Total
# Classification: Unclassified
Financial assets that are past due but not impaired
<<< Back to ToC
Figures in thousands of GBP
2025 UY
Year 2025
Up to three months Three to six months
Six months to one
year
Greater than one
year
A
B
C
D
E
1 Shares and other variable yield securities and units in unit trusts | - | ||||
| 2 Debt securities and other fixed income securities | - | ||||
| 3 Participation in investment pools | - | ||||
| 4 Loans secured by mortgages | - | ||||
| 5 Loans and deposits with credit institutions | - | ||||
| 6 Derivative assets | - | ||||
| 7 Syndicate loan to Central Fund | - | ||||
| 8 Other investments | - | ||||
| 9 Deposits with ceding undertakings | - | ||||
| 10 Reinsurers’ share of claims outstanding | - | ||||
| 11 Debtors arising out of direct insurance operations | | ||||
| 12 Debtors arising out of reinsurance operations | | ||||
| 13 Other debtors and accrued interest | - | ||||
| 14 Cash at bank and in hand | - | ||||
| 15 Total | | - | |
2024 UY
Year 2025
Up to three months Three to six months
Six months to one
year
Greater than one
year
F
G
H
I
J
1
Shares and other variable yield securities and units in unit trusts
-
2 Debt securities and other fixed income securities -
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions -
6 Derivative assets -
7 Syndicate loan to Central Fund -
8 Other investments -
9 Deposits with ceding undertakings -
10 Reinsurers’ share of claims outstanding -
11 Debtors arising out of direct insurance operations 600 900 183 1,683
12 Debtors arising out of reinsurance operations 450 750 228 1,428
13 Other debtors and accrued interest -
14 Cash at bank and in hand -
15 Total 1,050 1,650 411 - 3,111
Past due but not impaired assets
Total
Past due but not impaired assets
Total
# Classification: Unclassified
2023 UY
Year 2025
Up to three months Three to six months
Six months to one
year
Greater than one
year
K
L
M
N
O
1
Shares and other variable yield securities and units in unit trusts
-
2 Debt securities and other fixed income securities -
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions -
6 Derivative assets -
7 Syndicate loan to Central Fund -
8 Other investments -
9 Deposits with ceding undertakings -
10 Reinsurers’ share of claims outstanding -
11 Debtors arising out of direct insurance operations 200 300 61 561
12 Debtors arising out of reinsurance operations 150 250 76 476
13 Other debtors and accrued interest -
14 Cash at bank and in hand -
15 Total 350 550 137 - 1,037
Total
Year 2025
Up to three months Three to six months
Six months to one
year
Greater than one
year
AJ
AK
AL
AM
AN
1
Shares and other variable yield securities and units in unit trusts
- - - - -
2 Debt securities and other fixed income securities - - - - -
3 Participation in investment pools - - - - -
4 Loans secured by mortgages - - - - -
5 Loans and deposits with credit institutions - - - - -
6 Derivative assets - - - - -
7 Syndicate loan to Central Fund - - - - -
8 Other investments - - - - -
9 Deposits with ceding undertakings - - - - -
10 Reinsurers’ share of claims outstanding - - - - -
11 Debtors arising out of direct insurance operations 2,000 3,000 610 - 5,610
12 Debtors arising out of reinsurance operations 1,500 2,500 760 - 4,760
13 Other debtors and accrued interest - - - - -
14 Cash at bank and in hand - - - - -
15 Total 3,500 5,500 1,370 - 10,370
Total
Past due but not impaired assets
Past due but not impaired assets
Total
# Classification: Unclassified
2024 - Financial assets that are past due or impaired
<<< Back to ToC
Figures in thousands of GBP
2024 UY
Year 2024
Up to three months Three to six months
Six months to one
year
Greater than one
year
A
B
C
D
E
1
Shares and other variable yield securities and units in unit trusts
-
2 Debt securities and other fixed income securities -
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions -
6 Derivative assets -
7 Syndicate loan to Central Fund -
8 Other investments -
9 Deposits with ceding undertakings -
10 Reinsurers’ share of claims outstanding -
11 Debtors arising out of direct insurance operations 900 1,500 492 2,892
12 Debtors arising out of reinsurance operations 1,020 1,200 648 2,868
13 Other debtors and accrued interest -
14 Cash at bank and in hand -
15 Total 1,920 2,700 1,140 - 5,760
2023 UY
Year 2024
Up to three months Three to six months
Six months to one
year
Greater than one
year
F
G
H
I
J
1
Shares and other variable yield securities and units in unit trusts
-
2 Debt securities and other fixed income securities -
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions -
6 Derivative assets -
7 Syndicate loan to Central Fund -
8 Other investments -
9 Deposits with ceding undertakings -
10 Reinsurers’ share of claims outstanding -
11 Debtors arising out of direct insurance operations 450 750 246 1,446
12 Debtors arising out of reinsurance operations 510 600 324 1,434
13 Other debtors and accrued interest -
14 Cash at bank and in hand -
15 Total 960 1,350 570 - 2,880
Past due but not impaired assets
Total
Past due but not impaired assets
Total
# Classification: Unclassified
2022 UY
Year 2024
Up to three months Three to six months
Six months to one
year
Greater than one
year
K
L
M
N
O
1
Shares and other variable yield securities and units in unit trusts
-
2 Debt securities and other fixed income securities -
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions -
6 Derivative assets -
7 Syndicate loan to Central Fund -
8 Other investments -
9 Deposits with ceding undertakings -
10 Reinsurers’ share of claims outstanding -
11 Debtors arising out of direct insurance operations 150 250 82 482
12 Debtors arising out of reinsurance operations 170 200 108 478
13 Other debtors and accrued interest -
14 Cash at bank and in hand -
15 Total 320 450 190 - 960
Total
Year 2024
Up to three months Three to six months
Six months to one
year
Greater than one
year
AJ
AK
AL
AM
AN
1
Shares and other variable yield securities and units in unit trusts
- - - - -
2 Debt securities and other fixed income securities - - - - -
3 Participation in investment pools - - - - -
4 Loans secured by mortgages - - - - -
5 Loans and deposits with credit institutions - - - - -
6 Derivative assets - - - - -
7 Syndicate loan to Central Fund - - - - -
8 Other investments - - - - -
9 Deposits with ceding undertakings - - - - -
10 Reinsurers’ share of claims outstanding - - - - -
11 Debtors arising out of direct insurance operations 1,500 2,500 820 - 4,820
12 Debtors arising out of reinsurance operations 1,700 2,000 1,080 - 4,780
13 Other debtors and accrued interest - - - - -
14 Cash at bank and in hand - - - - -
15 Total 3,200 4,500 1,900 - 9,600
Past due but not impaired assets
Total
Past due but not impaired assets
Total
# Classification: Unclassified
Maturity analysis of syndicate liabilities
<<< Back to ToC
Figures in thousands of GBP
Undiscounted net cash flows
2025 UY
2024 UY
2023 UY
Total
2025
A
B
C
H
Claims outstanding
1 No maturity stated - - - -
2 0 – 1 yr 120,000 60,000 20,000 200,000
3 1 – 3 yrs 72,000 36,000 12,000 120,000
4 3 – 5 yrs 48,000 24,000 8,000 80,000
5 > 5yrs 16,200 8,100 2,700 27,000
6 Total 256,200 128,100 42,700 427,000
Derivative liabilities
7 No maturity stated -
8 0 – 1 yr -
9 1 – 3 yrs -
10 3 – 5 yrs -
11 > 5yrs -
12 Total - - - -
Creditors
13 No maturity stated - - - -
14 0 – 1 yr 45,960 22,980 7,660 76,600
15 1 – 3 yrs 6,840 3,420 1,140 11,400
16 3 – 5 yrs 1,260 630 210 2,100
17 > 5yrs -
18 Total 54,060 27,030 9,010 90,100
Other credit balances
19 No maturity stated -
20 0 – 1 yr -
21 1 – 3 yrs -
22 3 – 5 yrs -
23 > 5yrs -
24 Total - - - -
Deposits received from reinsurers
25 No maturity stated 300 150 50 500
26 0 – 1 yr -
27 1 – 3 yrs -
28 3 – 5 yrs -
29 > 5yrs -
30 Total 300 150 50 500
31 Total 310,560 155,280 51,760 517,600
# Classification: Unclassified
2024 - Maturity analysis of syndicate liabilities
Figures in thousands of GBP
Undiscounted net cash flows
2024 UY
2023 UY
2022 UY
Total
2024
A
B
C
H
Claims outstanding
1 No maturity stated - - - -
2 0 – 1 yr 90,000 45,000 15,000 150,000
3 1 – 3 yrs 54,000 27,000 9,000 90,000
4 3 – 5 yrs 48,000 24,000 8,000 80,000
5 > 5yrs 23,580 11,790 3,930 39,300
6 Total 215,580 107,790 35,930 359,300
Derivative liabilities
7 No maturity stated -
8 0 – 1 yr -
9 1 – 3 yrs -
10 3 – 5 yrs -
11 > 5yrs -
12 Total - - - -
Creditors
13 No maturity stated - - - -
14 0 – 1 yr 35,040 17,520 5,840 58,400
15 1 – 3 yrs 6,840 3,420 1,140 11,400
16 3 – 5 yrs 660 330 110 1,100
17 > 5yrs -
18 Total 42,540 21,270 7,090 70,900
Other credit balances
19 No maturity stated -
20 0 – 1 yr -
21 1 – 3 yrs -
22 3 – 5 yrs -
23 > 5yrs -
24 Total - - - -
Deposits received from reinsurers
25 No maturity stated 900 450 150 1,500
26 0 – 1 yr -
27 1 – 3 yrs -
28 3 – 5 yrs -
29 > 5yrs -
30 Total 900 450 150 1,500
31 Total 259,020 129,510 43,170 431,700
# Classification: Unclassified
Currency risk
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Figures in thousands of GBP
2025 UY
2025 Sterling US Dollar Euro
Canadian Dollar Australian Dollar Japanese Yen
Other T otal
A B C
D
E
F
G
H
| 1 Investments | | | | |||||
| 2 Reinsurers' share of technical provisions | | | ||||||
| 3 Debtors | | | | |||||
| 4 Other assets | | | | |||||
| 5 Prepayments and accrued income | | | | |||||
6 Total assets | | | - | - | - | | | |
| 7 T echnical provisions | ( | ( | ( | ( | ( | |||
| 8 Provisions for other risks | - | |||||||
| 9 Deposits received from reinsurers | ( | ( | ||||||
| 10 Creditors | ( | ( | ( | ( | ( | |||
| 11 Accruals and deferred income | ( | ( | ( | ( | ||||
12 Total liabilities | ( | ( | ( | - | - | - | ( | ( |
| 13 Total capital and reserves | ( | ( | ( | - | - | - | ( | ( |
2024 UY
2025 Sterling US Dollar Euro
Canadian Dollar
Australian Dollar
Japanese Yen
Other
Total
| I | J | K | L | M | N | O | P | ||
| 1 Investments | | | | ||||||
| 2 Reinsurers' share of technical provisions | | | | | |||||
| 3 Debtors | | | | ||||||
| 4 Other assets | | | | ||||||
| 5 Prepayments and accrued income | | | | ||||||
6 Total assets | | | - | - | - | | | ||
| 7 T echnical provisions | ( | ( | ( | ( | ( | ||||
| 8 Provisions for other risks | - | ||||||||
| 9 Deposits received from reinsurers | ( | ( | |||||||
| 10 Creditors | ( | ( | ( | ( | ( | ||||
| 11 Accruals and deferred income | ( | ( | ( | ( | |||||
12 Total liabilities | ( | ( | ( | - | - | - | ( | ( | |
| 13 | Total capital and reserves | ( | ( | ( | - | - | - | ( | ( |
2023 UY
2025 Sterling US Dollar Euro
Canadian Dollar
Australian Dollar
Japanese Yen
Other
Total
| Q | R | S | T | U | V | W | X | ||
| 1 | Investments | | | | |||||
| 2 | Reinsurers' share of technical provisions | | | | | ||||
| 3 | Debtors | | | | |||||
| 4 | Other assets | | | | |||||
| 5 | Prepayments and accrued income | | | | | ||||
6 | Total assets | | | - | - | - | | | |
| 7 | T echnical provisions | ( | ( | ( | ( | ( | |||
| 8 | Provisions for other risks | - | |||||||
| 9 | Deposits received from reinsurers | ( | ( | ||||||
| 10 | Creditors | ( | ( | ( | ( | ( | |||
| 11 | Accruals and deferred income | ( | ( | ( | ( | ||||
12 Total liabilities | ( | ( | ( | - | - | - | ( | ( | |
| 13 Total capital and reserves | ( | ( | ( | - | - | - | ( | ( | |
Total
2025 Sterling US Dollar Euro
Canadian Dollar
Australian Dollar
Japanese Yen
Other
Total
BE BF BG
BH
BI
BJ
BK
BL
1 Investments 85,000 215,500 80,000 - - - 4,500 385,000
2 Reinsurers' share of technical provisions 45,000 83,150 35,500 - - - 2,000 165,650
3 Debtors 24,500 54,900 8,500 - - - 1,500 89,400
4 Other assets 2,600 4,500 1,050 - - - 450 8,600
5 Prepayments and accrued income 8,600 22,500 2,400 - - - 1,000 34,500
6
Total assets
7 T echnical provisions (124,800 ) (315,650 ) (104,500 ) - - - (7,600 ) (552,550 )
8 Provisions for other risks - - - - - - - -
9 Deposits received from reinsurers (500 ) - - - - - - (500 )
10 Creditors (23,600 ) (51,300 ) (14,200 ) - - - (1,000 ) (90,100 )
11 Accruals and deferred income (200 ) (200 ) (100 ) - - - - (500 )
12
Total liabilities
(149,100 ) (367,150 ) (118,800 ) - - - (8,600 ) (643,650 )
13 Total capital and reserves (16,600 ) (13,400 ) (8,650 ) - - - (850 ) (39,500 )
# Classi fication : Unclassified
2024 - Currency risk
Figures in thousands of GBP
2024 UY
| 2024 | Sterling | US Dollar | Euro | Canadian Dollar Australian Dollar Japanese Yen | Other | T otal |
| A | B | C | D E F | G | H | |
| 1 Investments | | | ||||
| 2 Reinsurers' share of technical provisions | | | | |||
| 3 Debtors | | |||||
| 4 Other assets | | | | |||
| 5 Prepayments and accrued income | | | | |||
6 Total assets | | - - - | | | ||
| 7 T echnical provisions | ( | ( | ( | ( | ( | |
| 8 Provisions for other risks | - | |||||
| 9 Deposits received from reinsurers | ( | ( | ||||
| 10 Creditors | ( | ( | ( | ( | ( | |
| 11 Accruals and deferred income | ( | ( | ( | ( | ||
12 Total liabilities | ( | ( | ( | - - - | ( | ( |
| 13 Total capital and reserves | ( | ( | ( | - - - | | ( |
2023 UY
2024 Sterling US Dollar Euro
Canadian Dollar
Australian Dollar
Japanese Yen
Other
Total
I J K
L
M
N
O
P
1 Investments 25,500 52,500 17,700 600 96,300
2 Reinsurers' share of technical provisions 9,810 17,295 9,120 360 36,585
3 Debtors 6,750 16,620 2,250 330 25,950
4 Other assets 705 3,780 1,245 120 5,850
5 Prepayments and accrued income 2,160 6,270 645 285 9,360
6
Total assets 44,925 96,465 30,960 - - - 1,695 174,045
7 T echnical provisions (30,150 ) (79,500 ) (26,400 ) (1,920 ) (137,970 )
8 Provisions for other risks -
9 Deposits received from reinsurers (450 ) (450 )
10 Creditors (5,550 ) (12,120 ) (3,360 ) (240 ) (21,270 )
11 Accruals and deferred income (330 ) (90 ) (60 ) (480 )
12
Total liabilities (36,480 ) (91,710 ) (29,820 ) - - - (2,160 ) (160,170 )
13 Total capital and reserves (8,445 ) (4,755 ) (1,140 ) - - - 465 (13,875 )
2022 UY
2024 Sterling US Dollar Euro
Canadian Dollar
Australian Dollar
Japanese Yen
Other
Total
Q R S
T
U
V
W
X
1 Investments 8,500 17,500 5,900 200 32,100
2 Reinsurers' share of technical provisions 3,270 5,765 3,040 120 12,195
3 Debtors 2,250 5,540 750 110 8,650
4 Other assets 235 1,260 415 40 1,950
5 Prepayments and accrued income 720 2,090 215 95 3,120
6
Total assets 14,975 32,155 10,320 - - - 565 58,015
7 T echnical provisions (10,050 ) (26,500 ) (8,800 ) (640 ) (45,990 )
8 Provisions for other risks -
9 Deposits received from reinsurers (150 ) (150 )
10 Creditors (1,850 ) (4,040 ) (1,120 ) (80 ) (7,090 )
11 Accruals and deferred income (110 ) (30 ) (20 ) (160 )
12
Total liabilities (12,160 ) (30,570 ) (9,940 ) - - - (720 ) (53,390 )
13 Total capital and reserves (2,815 ) (1,585 ) (380 ) - - - 155 (4,625 )
Total
2024 Sterling US Dollar Euro
Canadian Dollar
Australian Dollar
Japanese Yen
Other
Total
BE BF BG
BH
BI
BJ
BK
BL
1 Investments 85,000 175,000 59,000 - - - 2,000 321,000
2 Reinsurers' share of technical provisions 32,700 57,650 30,400 - - - 1,200 121,950
3 Debtors 22,500 55,400 7,500 - - - 1,100 86,500
4 Other assets 2,350 12,600 4,150 - - - 400 19,500
5 Prepayments and accrued income 7,200 20,900 2,150 - - - 950 31,200
6
Total assets
7 T echnical provisions (100,500 ) (265,000 ) (88,000 ) - - - (6,400 ) (459,900 )
8 Provisions for other risks - - - - - - - -
9 Deposits received from reinsurers (1,500 ) - - - - - - (1,500 )
10 Creditors (18,500 ) (40,400 ) (11,200 ) - - - (800 ) (70,900 )
11 Accruals and deferred income (1,100 ) (300 ) (200 ) - - - - (1,600 )
12
Total liabilities
(121,600 ) (305,700 ) (99,400 ) - - - (7,200 ) (533,900 )
13 Total capital and reserves (28,150 ) (15,850 ) (3,800 ) - - - 1,550 (46,250 )
# Classi fication : Unclassified
Sensitivity analysis to market risks
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Figures in thousands of GBP
Year 2025 2025 UY 2025 UY
Impact on result
before tax
Impact on members'
balances
Interest rate risk A B
1 + 50 basis points shift in yield curves (2,568 ) (2,568 )
2 ‑ 50 basis points shift in yield curves 2,508 2,508
Equity price risk
3 5 percent increase in equity prices 840 840
4 5 percent decrease in equity prices (840 ) (840 )
Year 2025 2024 UY 2024 UY
Impact on result
before tax
Impact on members'
balances
Interest rate risk C D
1 + 50 basis points shift in yield curves (1,284 ) (1,284 )
2 ‑ 50 basis points shift in yield curves 1,254 1,254
Equity price risk
3 5 percent increase in equity prices 420 420
4 5 percent decrease in equity prices (420 ) (420 )
Year 2025 2023 UY 2023 UY
Impact on result
before tax
Impact on members'
balances
| Interest rate risk | E | F | |
| 1 | + 50 basis points shift in yield curves | ( | ( |
| 2 | ‑ 50 basis points shift in yield curves | | |
Equity price risk | |||
| 3 | 5 percent increase in equity prices | | |
| 4 | 5 percent decrease in equity prices | ( | ( |
Year 2025 2022 UY 2022 UY
Impact on result
before tax
Impact on members'
balances
Interest rate risk G H
1 + 50 basis points shift in yield curves
2 ‑ 50 basis points shift in yield curves
Equity price risk
3 5 percent increase in equity prices
4 5 percent decrease in equity prices
Year 2025 2021 UY 2021 UY
Impact on result
before tax
Impact on members'
balances
Interest rate risk I J
1 + 50 basis points shift in yield curves
2 ‑ 50 basis points shift in yield curves
Equity price risk
3 5 percent increase in equity prices
4 5 percent decrease in equity prices
Year 2025 2020 UY 2020 UY
Impact on result
before tax
Impact on members'
balances
Interest rate risk K L
1 + 50 basis points shift in yield curves
2 ‑ 50 basis points shift in yield curves
Equity price risk
3 5 percent increase in equity prices
4 5 percent decrease in equity prices
Year 2025 2019 UY 2019 UY
Impact on result
before tax
Impact on members'
balances
Interest rate risk M N
1 + 50 basis points shift in yield curves
2 ‑ 50 basis points shift in yield curves
Equity price risk
3 5 percent increase in equity prices
4 5 percent decrease in equity prices
Year 2025 Total Total
Impact on result
before tax
Impact on members'
balances
Interest rate risk O P
1 + 50 basis points shift in yield curves (4,280 ) (4,280 )
2 ‑ 50 basis points shift in yield curves 4,180 4,180
Equity price risk
3 5 percent increase in equity prices 1,400 1,400
4 5 percent decrease in equity prices (1,400 ) (1,400 )
# Classification: Unclassified
2024 - Sensitivity analysis to market risks
Figures in thousands of GBP
Year 2024 2024 UY 2024 UY
Impact on result
before tax
Impact on members'
balances
Interest rate risk A B
1 + 50 basis points shift in yield curves (2,175 ) (2,175 )
2 ‑ 50 basis points shift in yield curves 2,124 2,124
Equity price risk
3 5 percent increase in equity prices 540 540
4 5 percent decrease in equity prices (540 ) (540 )
Year 2024 2023 UY 2023 UY
Impact on result
before tax
Impact on members'
balances
Interest rate risk C D
1 + 50 basis points shift in yield curves (1,088 ) (1,088 )
2 ‑ 50 basis points shift in yield curves 1,062 1,062
Equity price risk
3 5 percent increase in equity prices 270 270
4 5 percent decrease in equity prices (270 ) (270 )
Year 2024 2022 UY 2022 UY
Impact on result
before tax
Impact on members'
balances
| Interest rate risk | E | F | |
| 1 | + 50 basis points shift in yield curves | ( | ( |
| 2 | ‑ 50 basis points shift in yield curves | | |
Equity price risk | |||
| 3 | 5 percent increase in equity prices | | |
| 4 | 5 percent decrease in equity prices | ( | ( |
Year 2024 2021 UY 2021 UY
Impact on result
before tax
Impact on members'
balances
Interest rate risk G H
1 + 50 basis points shift in yield curves
2 ‑ 50 basis points shift in yield curves
Equity price risk
3 5 percent increase in equity prices
4 5 percent decrease in equity prices
Year 2024 2020 UY 2020 UY
Impact on result
before tax
Impact on members'
balances
Interest rate risk I J
1 + 50 basis points shift in yield curves
2 ‑ 50 basis points shift in yield curves
Equity price risk
3 5 percent increase in equity prices
4 5 percent decrease in equity prices
Year 2024 2019 UY 2019 UY
Impact on result
before tax
Impact on members'
balances
Interest rate risk K L
1 + 50 basis points shift in yield curves
2 ‑ 50 basis points shift in yield curves
Equity price risk
3 5 percent increase in equity prices
4 5 percent decrease in equity prices
Year 2024 2018 UY 2018 UY
Impact on result
before tax
Impact on members'
balances
Interest rate risk M N
1 + 50 basis points shift in yield curves
2 ‑ 50 basis points shift in yield curves
Equity price risk
3 5 percent increase in equity prices
4 5 percent decrease in equity prices
Year 2024 Total Total
Impact on result
before tax
Impact on members'
balances
Interest rate risk O P
1 + 50 basis points shift in yield curves (3,625 ) (3,625 )
2 ‑ 50 basis points shift in yield curves 3,540 3,540
Equity price risk
3 5 percent increase in equity prices 900 900
4 5 percent decrease in equity prices (900 ) (900 )
# Classification: Unclassified
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# Classification: Unclassified
Claims development; gross
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Figures in thousands of GBP
ALL
Underwriting year 2025
B C D E F G H I J K L
Estimate of ultimate gross claims (earned basis)
1 at end of underwriting year - - - 113,000 124,000 136,000 109,000 103,000 129,000 185,000
2 one year later - - - 175,000 181,000 189,000 173,000 153,000 183,000
3 two years later - - - 181,000 181,000 184,000 175,000 169,000
4 three years later - - - 180,000 177,000 186,000 173,000
5 four years later - - - 178,000 176,000 186,000
6 five years later - - - 178,000 173,000
7 six years later - - - 173,000
8 seven years later - - -
9 eight years later - -
10 nine years later -
11 Estimate of gross claims reserve - - - 173,000 173,000 186,000 173,000 169,000 183,000 185,000 1,242,000
12 Provision in respect of prior years 182,000
13 Less gross claims paid - - - (157,000 ) (154,000 ) (165,000 ) (149,000 ) (144,000 ) (119,000 ) (109,000 ) (997,000 )
14 Gross claims reserves - - - 16,000 19,000 21,000 24,000 25,000 64,000 76,000 427,000
2025
Underwriting year 2025
B C D E F G H I J K L
Estimate of ultimate gross claims (earned basis)
1 at end of underwriting year 67,800 74,400 81,600 65,400 61,800 77,400 111,000
2 one year later 105,000 108,600 113,400 103,800 91,800 109,800
3 two years later 108,600 108,600 110,400 105,000 101,400
4 three years later 108,000 106,200 111,600 103,800
5 four years later 106,800 105,600 111,600
6 five years later 106,800 103,800
7 six years later 103,800
8 seven years later
9 eight years later
10 nine years later
11 Estimate of gross claims reserve 103,800 103,800 111,600 103,800 101,400 109,800 111,000 745,200
12 Provision in respect of prior years 109,200
13 Less gross claims paid (94,200 ) (92,400 ) (99,000 ) (89,400 ) (86,400 ) (71,400 ) (65,400 ) (598,200 )
14 Gross claims reserves - - - 9,600 11,400 12,600 14,400 15,000 38,400 45,600 256,200
2024 2025 Total2019 2020 2021 2022 20232016 2017 2018
Total2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
# Classification: Unclassified
2024
Underwriting year 2024
B C D E F G H I J K L
Estimate of ultimate gross claims (earned basis)
1 at end of underwriting year 33,900 37,200 40,800 32,700 30,900 38,700 55,500
2 one year later 52,500 54,300 56,700 51,900 45,900 54,900
3 two years later 54,300 54,300 55,200 52,500 50,700
4 three years later 54,000 53,100 55,800 51,900
5 four years later 53,400 52,800 55,800
6 five years later 53,400 51,900
7 six years later 51,900
8 seven years later
9 eight years later
10 nine years later
11 Estimate of gross claims reserve 51,900 51,900 55,800 51,900 50,700 54,900 55,500 372,600
12 Provision in respect of prior years 54,600
13 Less gross claims paid (47,100 ) (46,200 ) (49,500 ) (44,700 ) (43,200 ) (35,700 ) (32,700 ) (299,100 )
14 Gross claims reserves - - - 4,800 5,700 6,300 7,200 7,500 19,200 22,800 128,100
2023
Underwriting year 2023
B C D E F G H I J K L
Estimate of ultimate gross claims (earned basis)
1 at end of underwriting year 11,300 12,400 13,600 10,900 10,300 12,900 18,500
2 one year later 17,500 18,100 18,900 17,300 15,300 18,300
3 two years later 18,100 18,100 18,400 17,500 16,900
4 three years later 18,000 17,700 18,600 17,300
5 four years later 17,800 17,600 18,600
6 five years later 17,800 17,300
7 six years later 17,300
8 seven years later
9 eight years later
10 nine years later
11 Estimate of gross claims reserve 17,300 17,300 18,600 17,300 16,900 18,300 18,500 124,200
12 Provision in respect of prior years 18,200
13 Less gross claims paid (15,700 ) (15,400 ) (16,500 ) (14,900 ) (14,400 ) (11,900 ) (10,900 ) (99,700 )
14 Gross claims reserves - - - 1,600 1,900 2,100 2,400 2,500 6,400 7,600 42,700
20242016 2017 2018
2016 2017 2018 2024 Total
2019 2020 2021
2023
2022 2023 2025 Total
2019 2020 2021 2022 2025
# Classification: Unclassified
Claims development; net
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Figures in thousands of GBP
ALL
Underwriting year 2025
B C D E F G H I J K L
Estimate of ultimate net claims
1 at end of underwriting year - - - 75,000 81,000 79,000 83,000 73,000 86,000 92,000
2 one year later - - - 108,000 109,000 134,000 119,000 102,000 130,000
3 two years later - - - 108,000 111,000 131,000 120,000 82,000
4 three years later - - - 106,000 105,000 132,000 119,000
5 four years later - - - 105,000 102,000 132,000
6 five years later - - - 103,000 115,000
7 six years later - - - 104,000
8 seven years later - - -
9 eight years later - -
10 nine years later -
11 Estimate of net claims reserve - - - 104,000 115,000 132,000 119,000 82,000 130,000 92,000 774,000
12 Provision in respect of prior years 104,000
13 Less net claims paid - - - (86,000 ) (96,000 ) (116,000 ) (98,000 ) (65,000 ) (95,000 ) (40,000 ) (596,000 )
14 Net claims reserve - - - 18,000 19,000 16,000 21,000 17,000 35,000 52,000 282,000
2025
Underwriting year 2025
B C D E F G H I J K L
Estimate of ultimate net claims
1 at end of underwriting year 45,000 48,600 47,400 49,800 43,800 51,600 55,200
2 one year later 64,800 65,400 80,400 71,400 61,200 78,000
3 two years later 64,800 66,600 78,600 72,000 49,200
4 three years later 63,600 63,000 79,200 71,400
5 four years later 63,000 61,200 79,200
6 five years later 61,800 69,000
7 six years later 62,400
8 seven years later
9 eight years later
10 nine years later
11 Estimate of net claims reserve - - - 62,400 69,000 79,200 71,400 49,200 78,000 55,200 464,400
12 Provision in respect of prior years 62,400
13 Less net claims paid (51,600 ) (57,600 ) (69,600 ) (58,800 ) (39,000 ) (57,000 ) (24,000 ) (357,600 )
14 Net claims reserve - - - 10,800 11,400 9,600 12,600 10,200 21,000 31,200 169,200
2022 2023 2024 2025 Total
Total
2016 2017 2018 2019 2020 2021
2020 2021 2022 2023 2024 20252016 2017 2018 2019
# Classification: Unclassified
2024
Underwriting year 2024
B C D E F G H I J K L
Estimate of ultimate net claims
1 at end of underwriting year 22,500 24,300 23,700 24,900 21,900 25,800 27,600
2 one year later 32,400 32,700 40,200 35,700 30,600 39,000
3 two years later 32,400 33,300 39,300 36,000 24,600
4 three years later 31,800 31,500 39,600 35,700
5 four years later 31,500 30,600 39,600
6 five years later 30,900 34,500
7 six years later 31,200
8 seven years later
9 eight years later
10 nine years later
11 Estimate of net claims reserve 31,200 34,500 39,600 35,700 24,600 39,000 27,600 232,200
12 Provision in respect of prior years 31,200
13 Less net claims paid (25,800 ) (28,800 ) (34,800 ) (29,400 ) (19,500 ) (28,500 ) (12,000 ) (178,800 )
14 Net claims reserve - - - 5,400 5,700 4,800 6,300 5,100 10,500 15,600 84,600
2023
Underwriting year 2023
B C D E F G H I J K L
Estimate of ultimate net claims
1 at end of underwriting year 7,500 8,100 7,900 8,300 7,300 8,600 9,200
2 one year later 10,800 10,900 13,400 11,900 10,200 13,000
3 two years later 10,800 11,100 13,100 12,000 8,200
4 three years later 10,600 10,500 13,200 11,900
5 four years later 10,500 10,200 13,200
6 five years later 10,300 11,500
7 six years later 10,400
8 seven years later
9 eight years later
10 nine years later
11 Estimate of net claims reserve 10,400 11,500 13,200 11,900 8,200 13,000 9,200 77,400
12 Provision in respect of prior years 10,400
13 Less net claims paid (8,600 ) (9,600 ) (11,600 ) (9,800 ) (6,500 ) (9,500 ) (4,000 ) (59,600 )
14 Net claims reserve - - - 1,800 1,900 1,600 2,100 1,700 3,500 5,200 28,200
2022 2023 2024
Total
2016 2017 2018 2019 2020 2021
2020 2021 2022 2023 2024 20252016 2017 2018 2019
2025 Total
# Classification: Unclassified
Discount rates and mean terms
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2025 UY 2025 UY
2025
Average discounted
rates (%)
Average mean term
of liabilities (in
years)
A
B
Class of business
1 Accident and health
2 Marine, aviation, and transport
3 Motor (third party liability) 3.00 % 4
4 Motor (other classes) 2.00 % 4
5 Fire and other damage to property
6 Third party liability 3.50 % 2
7 Credit and suretyship
8 Legal expenses
9 Assistance
10 Miscellaneous
11 Life
2024 UY 2024 UY
2025
Average discounted
rates (%)
Average mean term
of liabilities (in
years)
C
D
Class of business
1 Accident and health
2 Marine, aviation, and transport
3 Motor (third party liability)
4 Motor (other classes)
5 Fire and other damage to property
6 Third party liability
7 Credit and suretyship
8 Legal expenses
9 Assistance
10 Miscellaneous
11 Life
2023 UY 2023 UY
2025
Average discounted
rates (%)
Average mean term
of liabilities (in
years)
E
F
Class of business
1 Accident and health
2 Marine, aviation, and transport
3 Motor (third party liability)
4 Motor (other classes)
5 Fire and other damage to property
6 Third party liability
7 Credit and suretyship
8 Legal expenses
9 Assistance
10 Miscellaneous
11 Life
# Classification: Unclassified
2024 - Discount rates and mean terms
2024 UY 2024 UY
2024
Average discounted
rates (%)
Average mean term
of liabilities (in
years)
A
B
Class of business
1 Accident and health
2 Marine, aviation, and transport
3 Motor (third party liability)
4 Motor (other classes)
5 Fire and other damage to property
6 Third party liability
7 Credit and suretyship
8 Legal expenses
9 Assistance
10 Miscellaneous
11 Life
2023 UY 2023 UY
2024
Average discounted
rates (%)
Average mean term
of liabilities (in
years)
C
D
Class of business
1 Accident and health
2 Marine, aviation, and transport
3 Motor (third party liability) 7.00 % 9
4 Motor (other classes) 12.50 % 10
5 Fire and other damage to property
6 Third party liability 12.50 % 10
7 Credit and suretyship
8 Legal expenses
9 Assistance
10 Miscellaneous
11 Life
2022 UY 2022 UY
2024
Average discounted
rates (%)
Average mean term
of liabilities (in
years)
E
F
Class of business
1 Accident and health
2 Marine, aviation, and transport
3 Motor (third party liability)
4 Motor (other classes)
5 Fire and other damage to property
6 Third party liability
7 Credit and suretyship
8 Legal expenses
9 Assistance
10 Miscellaneous
11 Life
# Classification: Unclassified
Discounted claims values
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Figures in thousands of GBP
2025 UY 2025 UY 2025 UY
2025 Undiscounted claims Effect of discounting After discounting
A
B
C
1
Gross claims provisions
(7,686 )
2
Reinsurers share of total claims
(89,610 )
(87,000 )
3
Net claims provisions
(5,076 )
2024 UY 2024 UY 2024 UY
2025 Undiscounted claims Effect of discounting After discounting
D
E
F
1
Gross claims provisions
(3,843 )
2
Reinsurers share of total claims
(44,805 )
(43,500 )
3
Net claims provisions
(2,538 )
2023 UY 2023 UY 2023 UY
2025 Undiscounted claims Effect of discounting After discounting
G | H | I | |
1 Gross claims provisions | ( | ||
2 Reinsurers share of total claims | ( | ( | |
3 Net claims provisions | ( |
Total
Total
Total
2025 Undiscounted claims Effect of discounting After discounting
V | W | X | |
1 Gross claims provisions | ( | ||
2 Reinsurers share of total claims | ( | ( | |
3 Net claims provisions | ( |
# Classification: Unclassified
2024 - Discounted claims values
Figures in thousands of GBP
2024 UY 2024 UY 2024 UY
2024 Undiscounted claims Effect of discounting After discounting
A | B | C | ||
1 | Gross claims provisions | ( | ||
2 | Reinsurers share of total claims | ( | ( | |
3 | Net claims provisions | ( |
2023 UY 2023 UY 2023 UY
Undiscounted claims Effect of discounting After discounting
D
E
F
1
Gross claims provisions
(3,234 )
2
Reinsurers share of total claims
(33,465 )
(32,490 )
3
Net claims provisions
(2,259 )
2022 UY 2022 UY 2022 UY
Undiscounted claims Effect of discounting After discounting
G
H
I
1
Gross claims provisions
(1,078 )
2
Reinsurers share of total claims
(11,155 )
(10,830 )
3
Net claims provisions
(753 )
Total
Total
Total
Undiscounted claims Effect of discounting After discounting
V
W
X
1
Gross claims provisions
(10,779 )
2
Reinsurers share of total claims
(111,549 )
(108,300 )
3
Net claims provisions
(7,530 )
2024
2024
2024
# Classification: Unclassified
<<< Back to ToC
# Classification: Unclassified
Analysis of underwriting results
<<< Back to ToC
Figures in thousands of GBP
2025 UY
2025
A
B
C
D
E
F
Direct insurance
1 Accident and health 14,700 12,000 (3,600 ) (4,380 ) (360 ) 3,660
2 Motor (third party liability) -
3 Motor (other classes) -
4 Marine, aviation, and transport 30,000 28,800 (8,580 ) (9,840 ) (900 ) 9,480
5 Fire and other damage to property 48,000 45,600 (18,600 ) (16,500 ) 720 11,220
6 Third party liability 90,000 85,200 (63,000 ) (29,484 ) (1,590 ) (8,874 )
7 Credit and suretyship -
8 Legal expenses -
9 Assistance -
10 Miscellaneous 13,200 12,900 (9,000 ) (4,500 ) (750 ) (1,350 )
11 Life -
12 Total direct insurance 195,900 184,500 (102,780 ) (64,704 ) (2,880 ) 14,136
13 Reinsurance acceptances 21,600 18,000 (9,000 ) (3,120 ) (300 ) 5,580
14 Total 217,500 202,500 (111,780 ) (67,824 ) (3,180 ) 19,716
2024 UY
2025
G
H
I
J
K
L
Direct insurance | ||||||
| 1 Accident and health | | ( | ( | ( | | |
| 2 Motor (third party liability) | - | |||||
| 3 Motor (other classes) | - | |||||
| 4 Marine, aviation, and transport | | ( | ( | ( | | |
| 5 Fire and other damage to property | | ( | ( | | | |
| 6 Third party liability | | ( | ( | ( | ( | |
| 7 Credit and suretyship | ||||||
| 8 Legal expenses | - | |||||
| 9 Assistance | - | |||||
| 10 Miscellaneous | | ( | ( | ( | ( | |
| 11 Life | - | |||||
| 12 Total direct insurance | | ( | ( | ( | | |
| 13 Reinsurance acceptances | | ( | ( | ( | | |
| 14 Total | ( | ( | ( | |
Underwriting result
Gross premiums written Gross premiums earned Gross claims incurred Gross operating expenses Reinsurance balance
Gross premiums written Gross premiums earned Gross claims incurred Gross operating expenses Reinsurance balance
Underwriting result
# Classification: Unclassified
2023 UY
2025
M
N
O
P
Q
R
Direct insurance
| 1 Accident and health | | ( | ( | ( | | |
| 2 Motor (third party liability) | - | |||||
| 3 Motor (other classes) | - | |||||
| 4 Marine, aviation, and transport | | ( | ( | ( | | |
| 5 Fire and other damage to property | | | ( | ( | | |
| 6 Third party liability | ( | ( | ( | ( | ||
| 7 Credit and suretyship | - | |||||
| 8 Legal expenses | - | |||||
| 9 Assistance | - | |||||
| 10 Miscellaneous | | ( | ( | ( | ( | |
| 11 Life | - | |||||
| 12 Total direct insurance | | ( | ( | ( | | |
| 13 Reinsurance acceptances | | ( | ( | ( | | |
| 14 Total | | ( | ( | ( | |
Total
2025
AQ
AR
AS
AT
AU
AV
Direct insurance
1 Accident and health 24,500 20,000 (6,000 ) (7,300 ) (600 ) 6,100
2 Motor (third party liability) - - - - - -
3 Motor (other classes) - - - - - -
4 Marine, aviation, and transport 50,000 48,000 (14,300 ) (16,400 ) (1,500 ) 15,800
5 Fire and other damage to property 80,000 76,000 (31,000 ) (27,500 ) 1,200 18,700
6 Third party liability 150,000 142,000 (105,000 ) (49,140 ) (2,650 ) (14,790 )
7 Credit and suretyship - - - - - -
8 Legal expenses - - - - - -
9 Assistance - - - - - -
10 Miscellaneous 22,000 21,500 (15,000 ) (7,500 ) (1,250 ) (2,250 )
11 Life -
12 Total direct insurance 326,500 307,500 (171,300 ) (107,840 ) (4,800 ) 23,560
13 Reinsurance acceptances 36,000 30,000 (15,000 ) (5,200 ) (500 ) 9,300
14 Total 362,500 337,500 (186,300 ) (113,040 ) (5,300 ) 32,860
Gross premiums written Gross premiums earned Gross claims incurred Gross operating expenses Reinsurance balance Underwriting result
Gross premiums written Gross premiums earned Gross claims incurred Gross operating expenses Reinsurance balance Underwriting result
# Classification: Unclassified
2024 - Analysis of underwriting results
Figures in thousands of GBP
2024 UY
2024
A
B
C
D
E
F
Direct insurance
1 Accident and health 11,400 15,000 (3,600 ) (4,380 ) (660 ) 6,360
2 Motor (third party liability) -
3 Motor (other classes) -
4 Marine, aviation, and transport 35,040 41,040 (20,400 ) (11,880 ) (3,900 ) 4,860
5 Fire and other damage to property 45,000 47,100 (24,000 ) (15,960 ) 1,080 8,220
6 Third party liability 93,000 108,900 (69,300 ) (31,494 ) (6,060 ) 2,046
7 Credit and suretyship -
8 Legal expenses -
9 Assistance -
10 Miscellaneous 3,600 9,000 (3,600 ) (3,120 ) (1,920 ) 360
11 Life -
12 Total direct insurance 188,040 221,040 (120,900 ) (66,834 ) (11,460 ) 21,846
13 Reinsurance acceptances 15,000 9,000 (5,400 ) (3,660 ) (1,020 ) (1,080 )
14 Total 203,040 230,040 (126,300 ) (70,494 ) (12,480 ) 20,766
2023 UY
2024
G
H
I
J
K
L
Direct insurance
1 Accident and health 5,700 7,500 (1,800 ) (2,190 ) (330 ) 3,180
2 Motor (third party liability) -
3 Motor (other classes) -
4 Marine, aviation, and transport 17,520 20,520 (10,200 ) (5,940 ) (1,950 ) 2,430
5 Fire and other damage to property 22,500 23,550 (12,000 ) (7,980 ) 540 4,110
6 Third party liability 46,500 54,450 (34,650 ) (15,747 ) (3,030 ) 1,023
7 Credit and suretyship -
8 Legal expenses -
9 Assistance -
10 Miscellaneous 1,800 4,500 (1,800 ) (1,560 ) (960 ) 180
11 Life -
12 Total direct insurance 94,020 110,520 (60,450 ) (33,417 ) (5,730 ) 10,923
13 Reinsurance acceptances 7,500 4,500 (2,700 ) (1,830 ) (510 ) (540 )
14 Total 101,520 115,020 (63,150 ) (35,247 ) (6,240 ) 10,383
Gross premiums written Gross premiums earned
Underwriting result
Gross claims incurred Gross operating expenses Reinsurance balance Underwriting result
Gross premiums written Gross premiums earned Gross claims incurred Gross operating expenses Reinsurance balance
# Classification: Unclassified
2022 UY
2024
M
N
O
P
Q
R
Direct insurance | ||||||
| 1 Accident and health | | ( | ( | ( | ||
| 2 Motor (third party liability) | - | |||||
| 3 Motor (other classes) | - | |||||
| 4 Marine, aviation, and transport | | ( | ( | ( | | |
| 5 Fire and other damage to property | | | ( | ( | | |
| 6 Third party liability | ( | ( | ( | | ||
| 7 Credit and suretyship | - | |||||
| 8 Legal expenses | - | |||||
| 9 Assistance | - | |||||
| 10 Miscellaneous | | ( | ( | ( | | |
| 11 Life | - | |||||
| 12 Total direct insurance | ( | ( | ( | | ||
| 13 Reinsurance acceptances | | ( | ( | ( | ( | |
| 14 Total | | ( | ( | ( | |
Total
2024
AQ
AR
AS
AT
AU
AV
Direct insurance | ||||||
| 1 Accident and health | | ( | ( | ( | | |
| 2 Motor (third party liability) | - | - | - | - | - | - |
| 3 Motor (other classes) | - | - | - | - | - | - |
| 4 Marine, aviation, and transport | | ( | ( | ( | | |
| 5 Fire and other damage to property | | | ( | ( | | |
| 6 Third party liability | | ( | ( | ( | | |
| 7 Credit and suretyship | - | - | - | - | - | - |
| 8 Legal expenses | - | - | - | - | - | - |
| 9 Assistance | - | - | - | - | - | - |
| 10 Miscellaneous | | ( | ( | ( | | |
| 11 Life | - | |||||
| 12 Total direct insurance | | ( | ( | ( | | |
| 13 Reinsurance acceptances | | ( | ( | ( | ( | |
| 14 Total | | ( | ( | ( | |
Underwriting resultGross premiums written Gross premiums earned Gross claims incurred Gross operating expenses Reinsurance balance
Gross operating expenses Reinsurance balance Underwriting resultGross premiums written Gross premiums earned Gross claims incurred
# Classification: Unclassified
Geographical split of gross premiums written - direct business - where the contracts were concluded
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Figures in thousands of GBP
2025 2025 UY 2024 UY 2023 UY Total
A B C H
1 United Kingdom 195,900 97,950 32,650 326,500
2 European Union Member States -
3 US -
4 Rest of the world -
5 Total gross premiums written 195,900 97,950 32,650 326,500
2024 - Geographical split of gross premiums written - direct business - where the contracts were concluded
Figures in thousands of GBP
2024 2024 UY 2023 UY 2022 UY Total
A B C H
1 United Kingdom 188,040 94,020 31,340 313,400
2 European Union Member States -
3 US -
4 Rest of the world -
5 Total gross premiums written 188,040 94,020 31,340 313,400
# Classification: Unclassified
Net operating expenses
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Figures in thousands of GBP
2025 2025 UY 2024 UY 2023 UY Total
A B C H
1 Acquisition costs 56,700 28,350 9,450 94,500
2 Change in deferred acquisition costs (1,620 ) (810 ) (270 ) (2,700 )
3 Administrative expenses 7,404 3,702 1,234 12,340
4 Foreign exchange [Long-term business only] -
5 Members’ standard personal expenses 5,340 2,670 890 8,900
6 Reinsurance commissions and profit participation (3,900 ) (1,950 ) (650 ) (6,500 )
7 Net operating expenses 63,924 31,962 10,654 106,540
Commission
7
Total commission for direct insurance business 39,120 19,560 6,520 65,200
Administrative expenses
Impairment losses on debtors:
8 arising out of direct insurance operations 126 63 21 210
9 arising out of reinsurance operations 57 29 10 95
Impairment losses on financial instruments:
10 arising from instrument measured at amortised cost 18 9 3 30
11 arising from instruments measured as available for sale 12 6 2 20
# Classification: Unclassified
2024 - Net operating expenses | ||||
Figures in thousands of GBP | ||||
| 2024 | 2024 UY | 2023 UY | 2022 UY | Total |
| A | B | C | H | |
| 1 Acquisition costs | | | | |
| 2 Change in deferred acquisition costs | | | | |
| 3 Administrative expenses | | | | |
| 4 Foreign exchange [Long-term business only] | ||||
| 5 Members’ standard personal expenses | | | | |
| 6 Reinsurance commissions and profit participation | ( | ( | ( | ( |
| 7 Net operating expenses | | | | |
Commission | ||||
7 Total commission for direct insurance business | | | | |
Administrative expenses | ||||
Impairment losses on debtors: | ||||
| 8 arising out of direct insurance operations | | | | |
| 9 arising out of reinsurance operations | | | | |
Impairment losses on financial instruments: | ||||
| 10 arising from instrument measured at amortised cost | | | | |
| 11 arising from instruments measured as available for sale | | | | |
# Classification: Unclassified
Investment return
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Figures in thousands of GBP
2025 2025 UY 2024 UY 2023 UY Total
A B C H
Interest and similar income
From financial instruments designated at fair value through profit or loss
1 Interest and similar income 1,514 757 252 2,523
2 Dividend income 3,406 1,703 568 5,677
From financial instruments classified as Available for Sale
3 Interest and similar income -
4 Dividend income -
From financial instruments at amortised cost
5 Interest and similar income -
6 Dividend income -
7 Interest on cash at bank -
Other income from investments
From financial instruments designated at fair value through profit or loss
8 Gains on the realisation of investments -
9 Losses on the realisation of investments (150 ) (75 ) (25 ) (250 )
10 Unrealised gains on investments -
11 Unrealised losses on the investments (240 ) (120 ) (40 ) (400 )
12 Other relevant gains/(losses) -
From financial instruments at amortised cost
13 Gains on the realisation of investments -
14 Losses on the realisation of investments -
15 Unrealised gains on investments -
16 Unrealised losses on the investments -
17 Other relevant gains/(losses) -
Financial liabilities at amortised cost
18 Interest expense (6 ) (3 ) (1 ) (10 )
19 Other relevant gain -
20 Other relevant loss -
21 Investment management expenses (240 ) (120 ) (40 ) (400 )
22 Total investment return 4,284 2,142 714 7,140
23 Impairment losses on debtors recognised in administrative expenses (30 ) (15 ) (5 ) (50 )
# Classification: Unclassified
2024 - Investment return
Figures in thousands of GBP
2024 2024 UY 2023 UY 2022 UY Total
A B C H
Interest and similar income
From financial instruments designated at fair value through profit or loss
1 Interest and similar income 1,192 596 199 1,986
2 Dividend income 2,948 1,474 491 4,914
From financial instruments classified as Available for Sale
3 Interest and similar income -
4 Dividend income -
From financial instruments at amortised cost
5 Interest and similar income -
6 Dividend income -
7 Interest on cash at bank -
Other income from investments
From financial instruments designated at fair value through profit or loss
8 Gains on the realisation of investments 360 180 60 600
9 Losses on the realisation of investments (90 ) (45 ) (15 ) (150 )
10 Unrealised gains on investments 60 30 10 100
11 Unrealised losses on the investments -
12 Other relevant gains/(losses) -
From financial instruments at amortised cost
13 Gains on the realisation of investments -
14 Losses on the realisation of investments -
15 Unrealised gains on investments -
16 Unrealised losses on the investments -
17 Other relevant gains/(losses) -
Financial liabilities at amortised cost
18 Interest expense (6 ) (3 ) (1 ) (10 )
19 Other relevant gain -
20 Other relevant loss -
21 Investment management expenses (210 ) (105 ) (35 ) (350 )
22 Total investment return 4,254 2,127 709 7,090
23 Impairment losses on debtors recognised in administrative expenses (18 ) (9 ) (3 ) (30 )
# Classification: Unclassified
Financial investments
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Figures in thousands of GBP
Carrying value Cost
2025 2025 UY 2025 UY
A B
1 Shares and other variable yield securities and units in unit trusts 73,800 52,800
2 Debt securities and other fixed income securities 93,000 102,600
3 Participation in investment pools
4 Loans secured by mortgages
5 Loans and deposits with credit institutions 51,000 51,000
6 Derivative assets 1,560
7 Syndicate loan to Central Fund
8 Other investments 11,040 10,470
9 Total financial investments 230,400 216,870
| Listed Investments (Included in carrying values above) | 2025 UY | |
| 1 | Listed Investments |
Carrying value Cost
2025 2024 UY 2024 UY
C D
1 Shares and other variable yield securities and units in unit trusts 36,900 26,400
2 Debt securities and other fixed income securities 46,500 51,300
3 Participation in investment pools
4 Loans secured by mortgages
5 Loans and deposits with credit institutions 25,500 25,500
6 Derivative assets 780
7 Syndicate loan to Central Fund
8 Other investments 5,520 5,235
9 Total financial investments 115,200 108,435
Listed Investments (Included in carrying values above) 2024 UY
1 Listed Investments 300
Carrying value Cost
2025 2023 UY 2023 UY
E F
1 Shares and other variable yield securities and units in unit trusts 12,300 8,800
2 Debt securities and other fixed income securities 15,500 17,100
3 Participation in investment pools
4 Loans secured by mortgages
5 Loans and deposits with credit institutions 8,500 8,500
6 Derivative assets 260
7 Syndicate loan to Central Fund
8 Other investments 1,840 1,745
9 Total financial investments 38,400 36,145
Listed Investments (Included in carrying values above) 2023 UY
1 Listed Investments 100
Carrying value Cost
2025 Total Total
O P
1 Shares and other variable yield securities and units in unit trusts 123,000 88,000
2 Debt securities and other fixed income securities 155,000 171,000
3 Participation in investment pools - -
4 Loans secured by mortgages - -
5 Loans and deposits with credit institutions 85,000 85,000
6 Derivative assets 2,600 -
7 Syndicate loan to Central Fund - -
8 Other investments 18,400 17,450
9 Total financial investments 384,000 361,450
| Listed Investments (Included in carrying values above) | Total | |
| 1 | Listed Investments |
# Classification: Unclassified
2024 - Financial investments
Figures in thousands of GBP
Carrying value Cost
2024 2024 UY 2024 UY
A B
1 Shares and other variable yield securities and units in unit trusts 52,800 46,308
2 Debt securities and other fixed income securities 93,600 82,092
3 Participation in investment pools
4 Loans secured by mortgages
5 Loans and deposits with credit institutions 36,000 36,000
6 Derivative assets 3,420
7 Syndicate loan to Central Fund
8 Other investments 6,180 5,592
9 Total financial investments 192,000 169,992
Listed Investments (Included in carrying values above) 2024 UY
1 Listed Investments 300
Carrying value Cost
2024 2023 UY 2023 UY
C D
1 Shares and other variable yield securities and units in unit trusts 26,400 23,154
2 Debt securities and other fixed income securities 46,800 41,046
3 Participation in investment pools
4 Loans secured by mortgages
5 Loans and deposits with credit institutions 18,000 18,000
6 Derivative assets 1,710
7 Syndicate loan to Central Fund
8 Other investments 3,090 2,796
9 Total financial investments 96,000 84,996
Listed Investments (Included in carrying values above) 2023 UY
1 Listed Investments 150
Carrying value Cost
2024 2022 UY 2022 UY
E F
1 Shares and other variable yield securities and units in unit trusts 8,800 7,718
2 Debt securities and other fixed income securities 15,600 13,682
3 Participation in investment pools
4 Loans secured by mortgages
5 Loans and deposits with credit institutions 6,000 6,000
6 Derivative assets 570
7 Syndicate loan to Central Fund
8 Other investments 1,030 932
9 Total financial investments 32,000 28,332
Listed Investments (Included in carrying values above) 2022 UY
1 Listed Investments 50
Carrying value Cost
2024 Total Total
O P
1 Shares and other variable yield securities and units in unit trusts 88,000 77,180
2 Debt securities and other fixed income securities 156,000 136,820
3 Participation in investment pools - -
4 Loans secured by mortgages - -
5 Loans and deposits with credit institutions 60,000 60,000
6 Derivative assets 5,700 -
7 Syndicate loan to Central Fund - -
8 Other investments 10,300 9,320
9 Total financial investments 320,000 283,320
| Listed Investments (Included in carrying values above) | Total | |
| 1 | Listed Investments |
# Classification: Unclassified
Asset by FV hierarchy classification
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Figures in thousands of GBP
2025 UY
2025 Level 1 Level 2 Level 3
Assets held at
amortised
costs
Total
A B C
D
E
1 Shares and other variable yield securities and units in unit trusts 36,312 12,672 24,816 73,800
2 Debt securities and other fixed income securities 45,288 16,128 31,584 93,000
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions 51,000 51,000
6 Derivative assets 1,560 1,560
7 Syndicate loan to Central Fund -
8 Other investments 7,680 720 2,640 11,040
9 Total financial investments 89,280 29,520 60,600 51,000 230,400
10 Derivative liabilities -
11 Total 89,280 29,520 60,600 51,000 230,400
2024 UY
2025 Level 1 Level 2 Level 3
Assets held at
amortised
costs
Total
F G H
I
J
1 Shares and other variable yield securities and units in unit trusts 18,156 6,336 12,408 36,900
2 Debt securities and other fixed income securities 22,644 8,064 15,792 46,500
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions 25,500 25,500
6 Derivative assets 780 780
7 Syndicate loan to Central Fund -
8 Other investments 3,840 360 1,320 5,520
9 Total financial investments 44,640 14,760 30,300 25,500 115,200
10 Derivative liabilities -
11 Total 44,640 14,760 30,300 25,500 115,200
# Classification: Unclassified
2023 UY
2025 Level 1 Level 2 Level 3
Assets held at
amortised
costs
Total
K L M
N
O
1 Shares and other variable yield securities and units in unit trusts 6,052 2,112 4,136 12,300
2 Debt securities and other fixed income securities 7,548 2,688 5,264 15,500
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions 8,500 8,500
6 Derivative assets 260 260
7 Syndicate loan to Central Fund -
8 Other investments 1,280 120 440 1,840
9 Total financial investments 14,880 4,920 10,100 8,500 38,400
10 Derivative liabilities -
11 Total 14,880 4,920 10,100 8,500 38,400
Total
2025 Level 1 Level 2 Level 3
Assets held at
amortised
costs
Total
AJ AK AL
AM
AN
1 Shares and other variable yield securities and units in unit trusts 60,520 21,120 41,360 - 123,000
2 Debt securities and other fixed income securities 75,480 26,880 52,640 - 155,000
3 Participation in investment pools - - - - -
4 Loans secured by mortgages - - - - -
5 Loans and deposits with credit institutions - - - 85,000 85,000
6 Derivative assets - - 2,600 - 2,600
7 Syndicate loan to Central Fund - - - - -
8 Other investments 12,800 1,200 4,400 - 18,400
9 Total financial investments 148,800 49,200 101,000 85,000 384,000
10 Derivative liabilities - - - - -
11 Total 148,800 49,200 101,000 85,000 384,000
# Classification: Unclassified
2024 - Asset by FV hierarchy classification
<<< Back to ToC
Figures in thousands of GBP
2024 UY
2024 Level 1 Level 2 Level 3
Assets held at
amortised
costs
Total
A B C
D
E
1 Shares and other variable yield securities and units in unit trusts 23,760 7,560 21,480 52,800
2 Debt securities and other fixed income securities 42,240 13,440 37,920 93,600
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions 36,000 36,000
6 Derivative assets 3,420 3,420
7 Syndicate loan to Central Fund -
8 Other investments 4,800 600 780 6,180
9 Total financial investments 70,800 21,600 63,600 36,000 192,000
10 Derivative liabilities -
11 Total 70,800 21,600 63,600 36,000 192,000
2023 UY
2024 Level 1 Level 2 Level 3
Assets held at
amortised
costs
Total
F G H
I
J
1 Shares and other variable yield securities and units in unit trusts 11,880 3,780 10,740 26,400
2 Debt securities and other fixed income securities 21,120 6,720 18,960 46,800
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions 18,000 18,000
6 Derivative assets 1,710 1,710
7 Syndicate loan to Central Fund -
8 Other investments 2,400 300 390 3,090
9 Total financial investments 35,400 10,800 31,800 18,000 96,000
10 Derivative liabilities -
11 Total 35,400 10,800 31,800 18,000 96,000
# Classification: Unclassified
2022 UY
2024 Level 1 Level 2 Level 3
Assets held at
amortised
costs
Total
K L M
N
O
1 Shares and other variable yield securities and units in unit trusts 3,960 1,260 3,580 8,800
2 Debt securities and other fixed income securities 7,040 2,240 6,320 15,600
3 Participation in investment pools -
4 Loans secured by mortgages -
5 Loans and deposits with credit institutions 6,000 6,000
6 Derivative assets 570 570
7 Syndicate loan to Central Fund -
8 Other investments 800 100 130 1,030
9 Total financial investments 11,800 3,600 10,600 6,000 32,000
10 Derivative liabilities -
11 Total 11,800 3,600 10,600 6,000 32,000
Total
2024 Level 1 Level 2 Level 3
Assets held at
amortised
costs
Total
AJ AK AL
AM
AN
1 Shares and other variable yield securities and units in unit trusts 39,600 12,600 35,800 - 88,000
2 Debt securities and other fixed income securities 70,400 22,400 63,200 - 156,000
3 Participation in investment pools - - - - -
4 Loans secured by mortgages - - - - -
5 Loans and deposits with credit institutions - - - 60,000 60,000
6 Derivative assets - - 5,700 - 5,700
7 Syndicate loan to Central Fund - - - - -
8 Other investments 8,000 1,000 1,300 - 10,300
9 Total financial investments 118,000 36,000 106,000 60,000 320,000
10 Derivative liabilities - - - - -
11 Total 118,000 36,000 106,000 60,000 320,000
# Classification: Unclassified
Debtors arising out of direct insurance operations
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Figures in thousands of GBP
2025 2025 UY 2024 UY 2023 UY Total
A B C H
1 Due within one year 27,060 13,530 4,510 45,100
2 Due after one year 4,800 2,400 800 8,000
3 Total 31,860 15,930 5,310 53,100
Debtors arising out of reinsurance operations
2025 2025 UY 2024 UY 2023 UY Total
A B C H
1 Due within one year 19,800 9,900 3,300 33,000
2 Due after one year 1,260 630 210 2,100
3 Total 21,060 10,530 3,510 35,100
2024 - Debtors arising out of direct insurance operations
Figures in thousands of GBP
2024 2024 UY 2023 UY 2022 UY Total
A B C H
1 Due within one year 24,000 12,000 4,000 40,000
2 Due after one year 4,380 2,190 730 7,300
3 Total 28,380 14,190 4,730 47,300
2024 - Debtors arising out of reinsurance operations
2024 2024 UY 2023 UY 2022 UY Total
A B C H
1 Due within one year 19,800 9,900 3,300 33,000
2 Due after one year 1,020 510 170 1,700
3 Total 20,820 10,410 3,470 34,700
# Classification: Unclassified
Creditors arising out of direct insurance operations
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Figures in thousands of GBP
2025 2025 UY 2024 UY 2023 UY Total
A B C H
1 Due within one year 26,673 13,337 4,446 44,455
2 Due after one year 4,707 2,354 785 7,845
3 Total 31,380 15,690 5,230 52,300
Creditors arising out of reinsurance operations
2025 2025 UY 2024 UY 2023 UY Total
| A | B | C | H | ||
| 1 | Due within one year | | | | |
| 2 | Due after one year | | | | |
| 3 | Total | | | |
2024 - Creditors arising out of direct insurance operations
Figures in thousands of GBP
2024 2024 UY 2023 UY 2022 UY Total
A B C H
1 Due within one year 19,482 9,741 3,247 32,470
2 Due after one year 3,438 1,719 573 5,730
3 Total 22,920 11,460 3,820 38,200
2024 - Creditors arising out of reinsurance operations
2024 2024 UY 2023 UY 2022 UY Total
A B C H
1 Due within one year 14,382 7,191 2,397 23,970
2 Due after one year 2,538 1,269 423 4,230
3 Total 16,920 8,460 2,820 28,200
# Classification: Unclassified
Foreign exchange rates
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Start of period rate Year end rate Average rate
A B C
1 Sterling 1.00 1.00 1.00
2 Euro 0.87 0.85 0.84
3 US dollar 0.74 0.73 0.77
4 Canadian dollar
5 Australian dollar
6 Japanese Yen
2024 - Foreign exchange rates
Start of period rate Year end rate Average rate
A B C
1 Sterling 1.00 1.00 1.00
2 Euro 0.88 0.87 0.87
3 US dollar 0.73 0.74 0.73
4 Canadian dollar
5 Australian dollar
6 Japanese Yen
2025
2024
# Classification: Unclassified
