- Gross written premium of £787.0 million (2014: £638.5 million)
- 2.9% like for like growth from existing units at constant rates of exchange
- 14.3% growth from investment in new underwriting teams
- Claims ratio of 48.3% (2014: 49.1%)
- Attritional loss ratio of 49.8% (2014: 49.8%)
- Combined ratio of 90.8% (2014: 91.0%)
- Net investment income of £6.8 million (2014: £14.3 million)
- Profit before tax and foreign exchange of £54.9 million (2014: £52.4 million)
- Net asset value per share of 556.2p (2014: 527.6p)
- Final dividend of 20.0p per share (2014: 18.2p per share)
- Special dividend of 22.5p per share (2014: 20.0p per share)
Matthew Fosh, Chief Executive Officer, today said:
"I am delighted with the performance of the Group this year and the high quality returns we have produced. The progress we have made strategically and operationally has manifested itself in another strong set of results. Market conditions remain undoubtedly difficult, however the business is now better placed than it has ever been to deal with the challenges ahead."
There will be a presentation for analysts only at 10.00 am today at Novae's new head office at 21 Lombard Street, London EC3V 9AH. Invitees are requested to go to the Main Entrance of 21 Lombard Street where they will be provided with a pre-prepared pass.
