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Five year summary
100 Five year summary Hiscox Ltd Report and Accounts 2009
2009 2008† 2007 2006 2005
£000 £000 £000 £000 £000
Results
Gross premiums written 1,435,401 1,147,364 1,198,949 1,126,164 861,174
Net premiums written 1,157,023 898,394 974,910 975,397 681,236
Net premiums earned 1,098,102 928,095 965,190 888,828 693,299
Profit before tax 320,618 105,180 237,199 201,062 70,221
Profit for the year after tax
Assets employed
280,497 70,808 191,248 163,846 48,630
Intangible assets 50,413 48,557 40,452 33,212 33,099
Financial assets carried at fair value 2,413,300 2,081,772 1,747,827 1,241,910 1,237,778
Cash and cash equivalents 259,647 440,622 302,742 502,871 413,759
Insurance liabilities and reinsurance assets (1,702,225) (1,773,622) (1,433,799) (1,291,329) (1,216,624)
Other net assets 100,151 153,697 167,082 195,421 110,001
Net assets 1,121,286 951,026 824,304 682,085 578,013
Net asset value per share (p)
Key statistics
299.2 258.1 209.5 173.2 147.7
Basic earnings per share (p) 75.2 18.8 48.4 41.7 15.6
Diluted earnings per share (p) 72.3 18.1 46.8 40.5 15.1
Combined ratio (%) 86.0 75.3 84.4 89.1 96.0
Return on equity (%) 30.1 9.2 28.8 28.9 12.8
Dividends per share (p) 15.00 12.75 12.00 10.00 7.00
Share price – high* (p) 362.00 361.00 304.50 280.25 234.50
Share price – low* (p) 277.00 194.75 246.75 193.75 152.25
*Closing mid market prices.
†The 2008 comparatives have been updated from those previously reported to reflect the reclassification of acquisition costs on the purchase of reinsurance contracts from ‘outward reinsurance premiums’ to ‘expenses for the acquisition of insurance
contracts’ (see note 2.2). Earlier year results have not been adjusted.